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Assume that an interest rate is quoted as 3.75% with annual compounding. What is the rate when expressed with: (answer needs to be using formula)
Assume that an interest rate is quoted as 3.75% with annual compounding.
What is the rate when expressed with: (answer needs to be using formula) excel is not allowed.
i) semi-annual compounding
ii) quarterly compounding
iii) continuous compounding?
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