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Examine the formulas below for a $ 9 0 0 0 investment. Determine the number of interest periods, the nominal rate and the effective rate.
Examine the formulas below for a $ investment. Determine the number of interest periods, the nominal rate and the effective rate.
Round your answer for the effective rate to three decimal places.
a
b
Nominal rate:
Effective rate:
c
d
Nominal rate:
Effective rate:
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