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For each case below find the annual percentage rate a. Semiannual compounding. The effective annual interest rate is 15% 15.56% b. Monthly compounding. The effective
For each case below find the annual percentage rate a. Semiannual compounding. The effective annual interest rate is 15% 15.56% b. Monthly compounding. The effective annual interest rate is 7% 7.12% c. weekly compounding. The effective annual interest rate is12% 12.48%
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