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Convert a nominal rate of interest (compounded monthly) to an annual percentage rate.
The nominal rate of interest applied.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice. The NI calculation is annualised and therefore due to the change in the employee rate during the year, the amount is only an indication.
08 Dec 2023
The ongoing cost-of-living crisis has driven individuals to use cash more frequently, research carried out by the British Retail Consortium (BRC) has suggested.
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