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4 points You make quarterly payments on a loan. The loan has a nominal interest rate of 1 8 % . What is the effective

4

points

You make quarterly payments on a loan. The loan has a nominal interest rate of

18 % .

What is the effective interest rate if the loan is compounded daily?

What is the effective interest rate if the loan is compounded weekly

What is the effective interest rate if the loan is compounded continuously?

i = % (

informat

12.3456

BE SURE TO INCLUDE

4

DECIMALS

)

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