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Show details please (7) Let m be a positive real number. Suppose interest is paid once every m years at a nominal interest rate i(
Show details please (7) Let m be a positive real number. Suppose interest is paid once every m years at a nominal interest rate i( ). This means that the borrower pays interest at an effective rate of i() = mi (h) per m year peri 1m (a) Find an expression for i( (b) If i (t) = 06, find i. ) in terms of
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