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determine the nominal discount rate compounded monthly that is equivalent to an interest rate of 10% compounded quarterly 10. Determine the nominal discount rate compounded

determine the nominal discount rate compounded monthly that is equivalent to an interest rate of 10% compounded quarterly

10. Determine the nominal discount rate compounded monthly that is equivalent to an interest rate of 10% compounded quarterly. (A) 9.80% (B) 9.84% (C) 9.88% (D) 9.92% (E) 9.96%

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