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For each case below find the annual percentage rate. a. Semiannual compounding. The effective annual interest rate is 12% b. Monthly compounding. The effective annual
For each case below find the annual percentage rate.
a. Semiannual compounding. The effective annual interest rate is 12%
b. Monthly compounding. The effective annual interest rate is 9%
c. Weekly compounding. The effective annual interest rate is15%
d. Continuous compounding. The effective annual interest rate is 12%
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