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L0 M.2 Based on the following annual interest rates, what is the interest rate per period and the frequency of compounding per year in each

L0 M.2 Based on the following annual interest rates, what is the interest rate per period and the frequency of compounding per year in each of the following? a. 18% compounded semiannually b. 16% compounded quarterly c. 15% compounded monthly

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