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Question 12 A bank offers a lending rate of 10% pa.compounded quarterly. What figure would they quote if they wished to express this rate: a.

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Question 12 A bank offers a lending rate of 10% pa.compounded quarterly. What figure would they quote if they wished to express this rate: a. Ona pa basis compounded monthly b. Onapa. basis compounded continuously? As an effective half year rate

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