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2. Suppose someone is going to borrow money from you. If the annualized interest rate is 10%, please calculate what is the actual compound annual

2. Suppose someone is going to borrow money from you. If the annualized interest rate is 10%, please calculate what is the actual compound annual interest rate when you compound: (1) every season; (2) every month; (3) every day; (4) every hour; (5) and every second? (50 points)

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