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Problem 2-1 (2 points) What is the effective interest rate for an advertised rate of 8% compounded quarterly? Problem 2-2 (2 points) How much would

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Problem 2-1 (2 points) What is the effective interest rate for an advertised rate of 8% compounded quarterly? Problem 2-2 (2 points) How much would you need to invest at 6% interest on December 31, 2013, in order to accumulate S1850 on December 31, 2021? Present the economic functions required, showing the functional notation and then its numerical value

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