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Find the effective annual rate associated with an 12% nominal annual rate (r = 0.12)...

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Finance

Find the effective annual rate associated with an 12% nominal annual rate (r = 0.12) when interest is compounded (a) annually (m = 1); (b) semiannually (m = 2); (c) quarterly (m = 4), (d) monthly (m = 12); and (e) weekly (m = 52).

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