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Business, 10.03.2020 09:09 person779

Find the interest rates in the following situations. a. APRequals9%, compounded quarterly. Find the effective annual interest rate. b. Nominal rate is 8% compounded monthly. Find the effective semi-annual rate. c. The effective annual interest rate is 9.06% and compounding is monthly. Find the nominal interest rate. d. requals9% and compounding is quarterly. Find the effective semi-annual interest rate.

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Find the interest rates in the following situations. a. APRequals9%, compounded quarterly. Find the...
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