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estion N 02: (15 Marks) hree different bank loan rates for electric generation equipment are listed below. a) 8% per year, compounded semiannually; b) 9%
estion N 02: (15 Marks) hree different bank loan rates for electric generation equipment are listed below. a) 8% per year, compounded semiannually; b) 9% per year, compounded quarterly; c) 3% per quarter, compounded weekly (14 weeks par quarter) For each bank loan determine: 1- Effective rate per compounding period; 2- Effective annual rate
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