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Can you please explain how to solve this and what formula to use? Thanks :) For each of the rates shown below, calculate the equivalent
Can you please explain how to solve this and what formula to use? Thanks :)
For each of the rates shown below, calculate the equivalent i, 12, and i4 rates. (a) Effective monthly rate is 0.9% (b) 12 = 4.5% (c) 1365 365 = 0.009%
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