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Q4) An interest rate is given 5% per year nominal. Determine the effective annual rate if a) Compounding is annual b) Compounding is semi-annual c)

Q4) An interest rate is given 5\% per year nominal. Determine the effective annual rate if a) Compounding is annual b) Compounding is semi-annual c) Compounding is monthly d) Compounding is weekly e) Compounding is daily f) Compounding is continuous

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