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1. Your Company is offering a money market account with an A.P.R. of 5.25%. What is the effective annual interest rate if the compounding

1. Your Company is offering a money market account with an A.P.R. of 5.25%. What is the effective annual interest rate if the compounding interval: i. Annually? (3 Marks) ii. Monthly? (3 Marks) iii. Daily? (3 Marks) iv. Continuously? (3 Marks)

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