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please keep 4 decimal points = [7] A trust company offers two guaranteed investment certificates paying i(12) 10% and 2(2) = 10%, respectively. (a) [5]

image text in transcribed please keep 4 decimal points

= [7] A trust company offers two guaranteed investment certificates paying i(12) 10% and 2(2) = 10%, respectively. (a) [5] Determine the effective annual rates for the two investment certificates respectively. (b) [2] Which option (investment certificate) is better

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