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You deposit 1500 to an account that earns a nominal 6% convertible monthly for one year and a nominal 8% convertible quarterly for the next

You deposit 1500 to an account that earns a nominal 6% convertible monthly for one year and a nominal 8% convertible quarterly for the next two years. a) How much is the account in 3 years? b) Find an equivalent level nominal rate convertible semiannually for this account

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