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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 11

Essay

Find the effective rate corresponding to the given nominal rate.Round your answers to the nearest hundredth.
14% / year compounded semiannually Find the effective rate corresponding to the given nominal rate.Round your answers to the nearest hundredth. 14% / year compounded semiannually __________% 5% / year compounded quarterly __________% __________%
5% / year compounded quarterly Find the effective rate corresponding to the given nominal rate.Round your answers to the nearest hundredth. 14% / year compounded semiannually __________% 5% / year compounded quarterly __________% __________%

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