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Which of the following ignore the effects of compounding interest? Nominal interest rate All of these Simple interest rate Annual percentage rate Question 41 2

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Which of the following ignore the effects of compounding interest? Nominal interest rate All of these Simple interest rate Annual percentage rate Question 41 2 pts What is the future value, five years from now, of sixty $100 cash flows using a periodic interest rate of 0.7% compounded monthly? The cash flows are made at the end of each month. $7.424.80 $7.178.40 $70,424,80 $71.178.40

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