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6. Determine the effective rate per year for the following nominal rates on the basis of the compounding period for each rate given. (a) 12%

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6. Determine the effective rate per year for the following nominal rates on the basis of the compounding period for each rate given. (a) 12% per year, compounded semiannually. (b) 16% per year, compounded quarterly. (c) 18% per year, compounded monthly. (d) 10% per 6 months, compounded weekly

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