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(4 points) Find the effective bimonthly interest rate equivalent to a) nominal annual interest of 7%, compounded 6 times per year, Answer = %. b)

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(4 points) Find the effective bimonthly interest rate equivalent to a) nominal annual interest of 7%, compounded 6 times per year, Answer = %. b) nominal annual discount of 10%, compounded quarterly, Answer = % c) nominal annual interest of 3%, compounded continuously: Answer = %

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