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Identify the interest rate per period and the number of interest periods for each interest schedule 1. 3.1% compounded monthly for 20 years 2. 8%

Identify the interest rate per period and the number of interest periods for each interest schedule

1. 3.1% compounded monthly for 20 years

2. 8% compounded monthly for 6 years

3. 5.25% compounded quarterly for 10 years

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