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2-6. Consider the effective annual rate for an APR of r%, described as E(n) = /1 rn - I. (a) Does this number increase, decrease,
2-6. Consider the effective annual rate for an APR of r%, described as E(n) = /1 rn - I. (a) Does this number increase, decrease, or stay constant if n increases? (b) If you are investing, would your rather have discretely compounding interest or contin- uously compounding interest? (c) If your interest rate is instead quoted as compounding every 2-years, what would n be? What about every 10 years
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