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If a bank provides a nominal discount rate d(4)= 6% for your investment.(a) What is the annual effective interest rate for this discount rate?(b) Compare

If a bank provides a nominal discount rate d(4)= 6% for your investment.(a) What is the annual effective interest rate for this discount rate?(b) Compare this discount rate with a nominal interest rate i(2)= 6%. Which rate gives you better return for your investment?

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