document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127198>Question 1127198</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A bank pays 5.75% compounded monthly. What’s the effective interest rate? (solve using compound interest formula) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #743561 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=743561\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> (1+(.0575/12))^12=1.0590, so effective rate is 5.90% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );