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a) What is the effective rate for a (yearly) interest rate of 20.4%20.4% compounded quarterly. b) What is the effective rate for a (yearly) interest
a) What is the effective rate for a (yearly) interest rate of 20.4%20.4% compounded quarterly.
b) What is the effective rate for a (yearly) interest rate of 20.0%20.0% compounded every two months.
c) What is the effective rate for a (yearly) interest rate of 19.8%19.8% compounded weekly.
d) Which part to this problem will earn the most interest after one year.ANSWER IN FRACTION FORM PLEASE
a) What is the effective rate for a (yearly) interest rate of 20.4% compounded quarterly. b) What is the effective rate for a (yearly) interest rate of 20.0% compounded every two months. c) What is the effective rate for a (yearly) interest rate of 19.8% compounded weekly. d) Which part to this problem will earn the most interest after one yearStep by Step Solution
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