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Do not use excel to solve. Show all work. Show you work in the space below and your answer in the location shown. Given a

Do not use excel to solve. Show all work. image text in transcribed
Show you work in the space below and your answer in the location shown. Given a nominal rate of 20%, what is the effective annual interest rate if the interest is compounded under each of the following scenarios (a) Quarterly (b) Monthly (e) Daily (d) Continuously Answers a. b

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