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4) For the questions #2 and #3 find the solution when we use the following compounding periods: a. Interest is compounded semiannually (also calculate the

4) For the questions #2 and #3 find the solution when we use the following compounding periods: a. Interest is compounded semiannually (also calculate the effective annual rate)

b. Interest is compounded quarterly (also calculate the effective annual rate)

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