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Please answer all 3 quastions. What is the effective annual interest rate for a 15% nominal annual loan when compounded: daily___weekly___continuously___What is the effective Semi-annual
Please answer all 3 quastions.
What is the effective annual interest rate for a 15% nominal annual loan when compounded: daily___weekly___continuously___What is the effective Semi-annual interest rate for a 15% nominal annual loan compounded: weekly___monthly___continuously___What is the future value 40 years from now of an investment with a 7% nominal annual rate compounded daily when deposits are made monthly for $10,000 for the first 240 monthsStep by Step Solution
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