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A. Calculate Effective Annual Interest Rate for each case (10 Marks) APR 12% 8% 10% Compounding Period 1 Month. 3 Months 6 Months B. 1)

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A. Calculate Effective Annual Interest Rate for each case (10 Marks) APR 12% 8% 10% Compounding Period 1 Month. 3 Months 6 Months B. 1) If you borrow $1,000and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? (5 Marks) 2) What if you make the first payment on the loan immediately instead of the at the end of the first year

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