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1. What is the compound amount of $750 for 5 years at 6% compounded quarterly? 2. Accumulate a principal of $600 for 5 years, 9

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1. What is the compound amount of $750 for 5 years at 6% compounded quarterly? 2. Accumulate a principal of $600 for 5 years, 9 months at 6% compounded monthly. How much interest is earned? 1 3. Determine the annual effective interest rate for a nominal annual rate of 12% which is compounded: a) Semiannually b) Quarterly c) Monthly d) Daily

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