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A E l l l Find the nominal rate of interest compounded annually equivalent to 6.5% compounded monthly. w The nominal rate of interest compounded

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A E l l l Find the nominal rate of interest compounded annually equivalent to 6.5% compounded monthly. w The nominal rate of interest compounded annually is D%. (Round the nal answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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