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Q1: You are offered an investment that earns an annual rate of 8 compounded monthly. You are also considering an alternative investment that offers quarterly

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Q1: You are offered an investment that earns an annual rate of 8 compounded monthly. You are also considering an alternative investment that offers quarterly compounding What nominal rate on the alternative investment will make you indifferent between the two investments? Round your answer to two decimal places and write down your answer in percentage (90)

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