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Assume the nominal interest rate for an account is 3% per year. Find the effective annual interest rate corresponding to each compounding period below. Round

Assume the nominal interest rate for an account is 3% per year. Find the effective annual interest rate corresponding to each compounding period below. Round your answers to four decimal places, after writing each rate as a percentage.
(a)
monthly
%
(b)
weekly
%
(c)
daily
%
(d)
continuously
%

image text in transcribed
after writhg each rate as a percentage. (a) mopthly. (b) weekly (c) dady (d) continupisty

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