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Assume the nominal interest rate for an account is 9% per year. Find the effective annual interest rate corresponding to each compounding period below.
Assume the nominal interest rate for an account is 9% per year. Find the effective annual interest rate corresponding to each compounding period below. Round your answers to four de mal places, after writing each rate as a percentage (a) monthly (b) weekly (c) dally (d) continuously x %
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