Equivalent interest rate. Convert between yearly and monthly interest rate (Financial Math)

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@MathsTulla. How to convert between yearly interest rate and monthly interest rate. Equivalent interest rate. AER to monthly. How to change interest rate from yearly to monthly (APR). Leaving Cert Maths. Financial Maths.
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Thank you so much for explaining every step, very useful! :)

ssggrock
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Aren't you meant to divide i by the number of periods? so on the RHS we would have (1+i/12)^12 ?

cardaroy