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Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter...

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Accounting

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Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) APR Compounding Period 1 month 3 months 6% 71% 12 % Effective Annual Rate % % % 6 months of investors are to earn a 2.9% real interest rate, what nominal interest rate must they car if the inflation rate is: (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Inflation Rate Nominal Interest Rate % % % Zoro 3.9% 5.9% b. c A retiree wants level consumption in real terms over a 20-year retirement. If the Inflation rate equals the interest rate she earns on her $304,000 of savings, how much can she spend in real terms each year over the rest of her life? Available real annual spending

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