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7. If $4,000 is invested for 5 months and $4,450 will accumulate, calculate: a) The effective quarterly rate. b) The monthly convertible annual rate. c)

7. If $4,000 is invested for 5 months and $4,450 will accumulate, calculate: a) The effective quarterly rate. b) The monthly convertible annual rate. c) The semi-annual rate convertible quarterly. 8. Calculate the semi-annual rate convertible monthly, from 38% convertible semi-annually.

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