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A. From the annual effective rate of 33%, find: (Develop in Excel) a. The effective semi-annual rate b. The monthly effective rate c. The quarterly
A. From the annual effective rate of 33%, find: (Develop in Excel)
a. The effective semi-annual rate
b. The monthly effective rate
c. The quarterly effective rate
d. The bimonthly effective rate
B. A capital of $5,000,000 is invested at an interest rate of 28% compounded monthly for 2 years. If inflation remains constant at 1.23% per month, calculate: (Develop in Excel)
a. Future value in nominal or current terms
b. Future value in real or constant terms
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