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You are offered investments that pay nominal rates of 5.96%, 5.94%, and 5.92% with respective compounding periods of quarterly, monthly, and continuously. Find the effective
You are offered investments that pay nominal rates of 5.96%, 5.94%, and 5.92% with respective compounding periods of quarterly, monthly, and continuously. Find the effective rate for each investment, expressed as a percentage accurate to three decimal places. Then state which investment is best
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