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1. (10 pts each) Calculate effective semi-annual interest rate of the following interest rates a)2.5% permonth. Ic,? na 2.5% ?) 3 12 b) 12% peryear

1. (10 pts each) Calculate effective semi-annual interest rate of the following interest rates a)2.5% permonth. Ic,? na 2.5% ?) 3 12 b) 12% peryear compounded quarterly

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