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Problem 4 (25 pts). For a nominal interest of 6% per year. What is the effective annual interest rate if interest is: a. (5 pts)

Problem 4 (25 pts). For a nominal interest of 6% per year. What is the effective annual interest rate if interest is: a. (5 pts) Compounded quarterly? b. (5 pts) Compounded Monthly? c. (5 pts) Compounded yearly? d. (10 pts) Compounded continuously

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