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Solve clearly... don't copy from internet.. What is the effective interest rate for each of the desired time periods assuming that the given interest rate

Solve clearly... don't copy from internet..

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What is the effective interest rate for each of the desired time periods assuming that the given interest rate is given in the compounding period. (1 pt) Given Interest Rate Desired Effective Interest (APY) Rate 1% per month Effective rate per year: 3% per month Effective rate per 6 months: 2% per quarter Effective Rate per year: 28% per week Effective rate per quarter: 6.1% per 6 months Effective rate per 2 years

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