[Solved] 1. Suppose at time 0 you had $1500 in the

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1. Suppose at time 0 you had $1500 in the bank and 3 years later you had $2100. Calculate the effective annual rate of return

1. Suppose at time 0 you had $1500 in the bank and 3 years later you had $2100. Calculate the effective annual rate of return in two different ways if the bank pays interest: a. Once a year b. Quarterly c. Semi-Annually d. Continuously

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