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You deposit $1, 500 to an account that earns a nominal 6% discount rate convertible monthly for the first year and a nominal 8% interest

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You deposit $1, 500 to an account that earns a nominal 6% discount rate convertible monthly for the first year and a nominal 8% interest rate convertible quarterly for the next two years. (a) How much is in the account in 3 years? (b) Find an equivalent level nominal interest rate convertible semiannually for this account in the three-year period

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