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Please answer the follow attachment in detail. Question 1 (15 marks) Suppose that you put $10,000 in your saving account and your bank offers an

Please answer the follow attachment in detail.

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Question 1 (15 marks) Suppose that you put $10,000 in your saving account and your bank offers an interest rate of 2% p.a. What will be the compounded amount in five years and the corresponding annual effective rate (AER)? (a) If it was compounded quarterly? (3 marks) (b) If it was compounded monthly? (3 marks) (c) If it was compounded fortnightly? (3 marks) (d) If it was compounded weekly? (3 marks) (c) If it was compounded daily

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