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Compounding Frequencies A bank quotes an interest rate of 5 % per year with quarterly compounding. For the following questions, enter your answer as a
Compounding Frequencies
A bank quotes an interest rate of per year with quarterly compounding. For the
following questions, enter your answer as a with at least decimal places.
point
What is the equivalent rate per year with semiannual compounding?
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What is the equivalent rate per year with monthly compounding?
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What is the equivalent rate per year with continuous compounding?
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