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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 82

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Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest thousandth.
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5% / year compounded monthly
​ Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest thousandth. ​ 5% / year compounded monthly ​ __________ % ​ 5% / year compounded daily ​ __________ % __________ %
​
5% / year compounded daily
​ Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest thousandth. ​ 5% / year compounded monthly ​ __________ % ​ 5% / year compounded daily ​ __________ % __________ %

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