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Find the Effective Rate Corresponding to the Given Nominal Rate

Question 49

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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