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Help me please 20. Suppose that an investment promises to pay a nominal 9.6 percent annual rate of inter- est. What is the reective annual

Help me please

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20. Suppose that an investment promises to pay a nominal 9.6 percent annual rate of inter- est. What is the reective annual interest rate on this investment assuming that interest is compounded (a) annually? 0)) semiannually? (c) quarterly? (d) monthly? (e) daily (365 days)? (f) continuously? (Note: Report your answers accurate to four decimal places e.g., 0.0987 or 9.87%.)

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