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Please show work 1. Calculate the periodic rate of interest if the nominal interest rate is 6% compounded: a. monthly b. quarterly. c. semiannually. 3.

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1. Calculate the periodic rate of interest if the nominal interest rate is 6% compounded: a. monthly b. quarterly. c. semiannually. 3. What is the periodic rate of interest corresponding to: a. 5.4% compounded quarterly? b. 5.4% compounded monthly

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