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Problem 4-100 (algorithmic) Find the interest rates in the following situations. a. APR-9%, compounded monthly. Find the effective annual interest rate b. Nominal rate is
Problem 4-100 (algorithmic) Find the interest rates in the following situations. a. APR-9%, compounded monthly. Find the effective annual interest rate b. Nominal rate is 7% compounded quarterly. Find the effective semi-annual rate C. The effective annual interest rate is 13.38% and compounding is monthly. Find the nominal interest rate. d, r-4% and compounding is monthly. Find the effective quarterly interest rate
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