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Complete the gaps in the following table: Nominal APR Number of Compounding Periods Rate per Period Equivalent Annual Rate 10.75% 52 0.207% 4 3.12% 12%
Complete the gaps in the following table:
Nominal APR | Number of Compounding Periods | Rate per Period | Equivalent Annual Rate |
10.75% | 52 | 0.207% |
|
| 4 | 3.12% |
|
12% | 365 | 0.03287% |
|
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