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Interest rate is quoted as 8% per year compounded semi-annually. Determine the followinng- a) The interest rate per 6 months, compounded semi-annually b) The interest

Interest rate is quoted as 8% per year compounded semi-annually. Determine the followinng-

a) The interest rate per 6 months, compounded semi-annually

b) The interest rate per month, compounded monthly

c) The interest rate per day, compounded daily

d) The interest rate per year, compounded monthly

e) inters=est rate per year compounded daily.

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