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For the investment situation below, identify the annual interest rate, the length of the investment in years, the periodic interest rate, and the number of
For the investment situation below, identify the annual interest rate, the length of the investment in years, the periodic interest rate, and the number of periods of the investment.
12% compounded quarterly for 6 years
(a) the annual interest rate % (b) the length of the investment in years yr (c) the periodic interest rate % (d) the number of periods of the investment periods
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