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For each case below find the annual percentage rate. a. Semiannual compounding. The effective annual interest rate is 17% b. Monthly compounding. The effective annual
For each case below find the annual percentage rate. |
a. | Semiannual compounding. The effective annual interest rate is 17% |
b. | Monthly compounding. The effective annual interest rate is 20% |
c. | Weekly compounding. The effective annual interest rate is15% |
d. | Continuous compounding. The effective annual interest rate is 12% |
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