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For a sum of money borrowed at 16% compounded daily for 2 years, state (a) The nominal rate of interest (j); (b) The number of

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For a sum of money borrowed at 16% compounded daily for 2 years, state (a) The nominal rate of interest (j); (b) The number of compounding periods per year (m); (c) The periodic rate of interest (i); (d) The number of compounding periods in the term (n); (e) The compounding factor (1 + i)^n; (f) The numerical value of the compounding factor

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