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Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest

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Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 5% % Round to two decimal places b. Nominal interest rate compounded monthly that is equivalent to 8% compounded quarterly % Round to two decimal places c. Nominal interest rate compounded monthly that is equivalent to 5% compounded annually

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