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10) An interest rate is quoted as 8% per year compounded semi-annually. Determine the following: (1 mark each) a) The interest rate per 6 months,

10) An interest rate is quoted as 8% per year compounded semi-annually. Determine the following: (1 mark each)

a) The interest rate per 6 months, compounded semi-annually

b) The interest rate per month, compounded monthly

c) The interest rate per day, compounded daily

d) The interest rate per year, compounded monthly

e) The interest rate per year, compounded daily

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