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5) (5 pts ea) What is the CP,m, and effective rate per CP if: a) r=9% per year, compounded quarterly b) r=15% per month, compounded

5) (5 pts ea) What is the CP,m, and effective rate per CP if: a) r=9% per year, compounded quarterly b) r=15% per month, compounded daily Solution: CP m Effective rate per CP a)

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