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3. (16 pts) If we have compound interest and an effective monthly interest rate of 0.6%. (a) Find the annual nominal interest rate i(12) for

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3. (16 pts) If we have compound interest and an effective monthly interest rate of 0.6%. (a) Find the annual nominal interest rate i(12) for the above monthly rate. (b) Find the annual effective interest rate i for the above monthly rate. (C) Find the annual effective discount rate d for the above monthly rate. (d) Find the annual effective discount rate d(12) for the above monthly rate. 3. (16 pts) If we have compound interest and an effective monthly interest rate of 0.6%. (a) Find the annual nominal interest rate i(12) for the above monthly rate. (b) Find the annual effective interest rate i for the above monthly rate. (C) Find the annual effective discount rate d for the above monthly rate. (d) Find the annual effective discount rate d(12) for the above monthly rate

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