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If we have compound interest and an effective monthly interest rate of 0.6%.(a) Find the annual nominal interest rate i(12)for the above monthly rate.(b) Find

If we have compound interest and an effective monthly interest rate of 0.6%.(a) Find the annual nominal interest rate i(12)for the above monthly rate.(b) Find the annual effective interest rate i for the above monthly rate.(c) Find the annual effective discount rate d for the above monthly rate (d) Find the annual effective discount rated d(12)for the above monthly rate.

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