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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 44

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Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest hundredth.
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10% / year compounded semiannually
​ Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest hundredth. ​ 10% / year compounded semiannually ​ __________% ​ 3% / year compounded quarterly ​ __________% __________%
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3% / year compounded quarterly
​ Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest hundredth. ​ 10% / year compounded semiannually ​ __________% ​ 3% / year compounded quarterly ​ __________% __________%

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