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Find the equivalent interest rates for the following: a. Nominal interest rate compounded quarterly that is equivalent to 4% compounded semi-annually. % Round to two
Find the equivalent interest rates for the following:
a. Nominal interest rate compounded quarterly that is equivalent to 4% compounded semi-annually.
%
Round to two decimal places
b. Nominal interest rate compounded monthly that is equivalent to 4% compounded quarterly.
%
Round to two decimal places
c. Nominal interest rate compounded semi-annually that is equivalent to 4.2% compounded quarterly.
%
Round to two decimal places
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