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a.If you are told that your effective annual interest rate is 10%, what is the nominal interest rate compounded quarterly? b.What is the effective annual

a. If you are told that your effective annual interest rate is 10%, what is the nominal interest rate compounded quarterly?

b. What is the effective annual interest rate if the nominal interest rate is 7%, and the frequency of compounding is once a month?

c. How much time would it take for your principal to quadruple if the effective annual interest rate is 5%, and the frequency of compounding is once a year?

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