Apr
Date: Mon, 02/14/2011 - 20:36
what is the effective annual interrest rate of 12% compounding period of 1 month
You haven't mentioned the principal amount on which the interest
You haven't mentioned the principal amount on which the interest will be calculated. So, it will be difficult to calculate the APR. Moreover, you can have a word with your lender/creditor and he will help you to calculate the APR.
