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Calculate the following: a. Solve using the periodic interest rate formula = Find i, when PV = $2, 200, FV = 2, 480.85, n =

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Calculate the following: a. Solve using the periodic interest rate formula = Find i, when PV = $2, 200, FV = 2, 480.85, n = 8 i = Round to four decimal places FV (PV (1) - 1. b. Solve using the equivalent interest rate formula i2 = (1 0.033 Find 22, when i m1 = 4,m2 12 4 i = Round to four decimal places = = + 1)( (1 + i)(m / m) 1

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