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1.a The annual interest rate is 8% with annual compounding. Please calculate effective annual rate, effective semi-annual rate, effective quarterly rate, effective monthly rate, effective
1.a The annual interest rate is 8% with annual compounding. Please calculate effective annual rate, effective semi-annual rate, effective quarterly rate, effective monthly rate, effective weekly rate (1 year = 52 weeks), effective daily rate (1 year = 365 days).
1.b The annual interest rate is 8% with monthly compounding. Please calculate effective monthly rate, effective annual rate, effective semi-annual rate, effective quarterly rate.
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