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First, fill in the periodic rates in the following table. (Round to two decimal places.) Compounding Effective Period APR per Year Periodic Rate Annual Rate
First, fill in the periodic rates in the following table. (Round to two decimal places.) Compounding Effective Period APR per Year Periodic Rate Annual Rate Semiannual 8% 2 Quarterly 9% 4 % Monthly 7.5% 12 % 365 4.25% Daily Next, fill in the effective annual rates in the following table. (Round to two decimal places.) Compounding Period APR per Year Periodic Rate Effective Annual Rate Semiannual 8% 2 4.00% Quarterly 9% 4 2.25% Monthly 7.5% 12 0.63% 0.01% 365 4.25% Daily
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