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I need help with both parts of question 3. Thanks 3. Find the equivalent interest rates. . Given annual interest rate of 12% compounded monthly,

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I need help with both parts of question 3. Thanks

3. Find the equivalent interest rates. . Given annual interest rate of 12% compounded monthly, find the equivalent effective annual rate 2pt . Given effective annual interest rate of 4%, find the nominal interest rate convertible quarterly 2pt]

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