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03-06-2023
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Find the equivalent interest rates to the given nominal interest rates. a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 6.5% 0.00 % Round to two decimal places b. Nominal interest rate compounded monthly that is equivalent to 7.5% compounded quarterly 0.00 % Round to two decimal places c. Nominal interest rate compounded monthly that is equivalent to 4.5% compounded annually 0.00 % Round to two decimal places

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