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For an APR of 9% per year, if the interest is compounded daily, determine the nominal rate per (a) 6 months and (b) 2 years.

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For an APR of 9% per year, if the interest is compounded daily, determine the nominal rate per (a) 6 months and (b) 2 years. The nominal interest rate per 6 months is 1%. The nominal interest rate per 2 years is L %

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