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find the formula and answers similar the the one in the picture Find the solutions for the questions below on spreadsheets AND manually. What quarterly

image text in transcribedfind the formula and answers similar the the one in the picture

Find the solutions for the questions below on spreadsheets AND manually. What quarterly interest rate is equivalent to an effective annual rate of 8% per year, compounded quarterly? What effective interest rate per quarter is equivalent to a nominal 12% per year, compounded monthly

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