FORMULA SHEET Effective Annual Interest Rate given a Nominal Interest Rate 𝑖𝑖 𝑝𝑝𝑝𝑝𝑝𝑝 𝑦𝑦𝑦𝑦𝑦𝑦𝑦𝑦 = �1 + 𝑟𝑟 𝑀𝑀 � −1 𝑀𝑀
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