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For the effective rate to be 7 % , what must be the corresponding nominal interest rate with: ( Do not round the intermediate calculations.
For the effective rate to be what must be the corresponding nominal interest rate with: Do not round the intermediate calculations. Round your percentage answers to decimal places.
a Annual compounding?
The corresponding nominal interest rate
b Semiannual compounding?
The corresponding nominal interest rate
c Quarterly compounding?
The corresponding nominal interest rate
d Monthly compounding?
The corresponding nominal interest rate
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