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thank you 4. Manaba In-class 4: Stated interest rate 20% The number of compounding period per year is 12. Effective interest rate ? A multiple-choice
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4. Manaba In-class 4: Stated interest rate 20% The number of compounding period per year is 12. Effective interest rate ? A multiple-choice question with one possible answer.(Required) 1.22.94% 2. 21.94% 3. 21.22% 4. 23.49% 5. 22.42% 6. 20.93% 5. In-class test 5 Principle: 1000 Stated annual interest: 20% Continuous Compound What is the future value (total principal and interest) after 5 years? Round off to the nearest whole number (Required) 6. In-class test 6 Stated annual interest: 20% In the case of Continuous compound, What is effective interest rate? A multiple-choice question with one possible answer.(Required) 1. 23.59% 2. 20.44% 3. 22.89% 4. 22.14% 5. 23.44% N LO Step by Step Solution
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