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What is the effective interest rate corresponding to a nominal annual rate of: (Do not round the intermediate calculations. Round your answers to 2 decimal

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What is the effective interest rate corresponding to a nominal annual rate of: (Do not round the intermediate calculations. Round your answers to 2 decimal places.) a. 4% compounded monthly? The effective interest rate % b. 8% compounded monthly? The effective interest rate % c. 12% compounded monthly? The effective interest rate %

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