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Answer all parts complete and correct with full steps to get 100% feedback!! All three parts or do not attempt. a. 1% interest rate per
Answer all parts complete and correct with full steps to get 100% feedback!! All three parts or do not attempt.
a. 1% interest rate per month, determine nominal interest rate
b. Nominal interest of 4% compounded quarterly, determine effective annual interest rate
c. 5% interest rate per six months, determine nominal and effective interest rate
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