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Calculate the interest rate when the effective rate is 15% for each situation a. Compounded annually. b. Compounded semiannually. c. Compounded quarterly. d. Compounded monthly.

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Calculate the interest rate when the effective rate is 15% for each situation a. Compounded annually. b. Compounded semiannually. c. Compounded quarterly. d. Compounded monthly. c. Compounded daily

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