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3) An investor has a choice of two investments, the first for 7.50% compounded monthly, and the second for 7.60% compounded semi-annually. Which rate should

3) An investor has a choice of two investments, the first for 7.50% compounded monthly, and the second for 7.60% compounded semi-annually. Which rate should the investor choose? NOM C/Y EFF NOM C/Y EFF

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