For example, the expression 1.15 to the ? power can be rewritten as ((1.15 to the 1/12 power) to the 12? power) is approximately equal to (1

For example, the expression 1.15 to the ? power can be rewritten as ((1.15 to the 1/12 power) to the 12? power) is approximately equal to (1.012 to the 12? power) to reveal the approximate equivalent monthly interest rate if the annual rate is 15%.