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For a sum of money invested at 1 1 % compounded quarterly for 1 6 years, state: ( a ) the nominal annual rate (
For a sum of money invested at compounded quarterly for years, state:
a the nominal annual rate jDo not include the sign in your answer
b the number of compounding periods per year
c the periodic rate of interest iRound your answer to two decimal places if necessary. Do not include the sign in yo
d the number of compounding periods in the term n
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