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Use formula to solve this problem (No Excel Please) Question 2 The three-year interest rate of 20.25% is equal to what nominal rate of interest

Use formula to solve this problem (No Excel Please)

Question 2 The three-year interest rate of 20.25% is equal to what nominal rate of interest convertible three times a year? A .020701 B. 190188 C..062102 D..060842 E The answer does not appear here

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