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Please show work 1. If the quarterly rate is 3%, what is the annual rate?...

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Accounting

Please show work

1. If the quarterly rate is 3%, what is the annual rate?

2. If the annual rate is 8%, what is the semiannual rate?

3. If the annual rate is 9%, what is the quarterly rate?

4. If the annual rate is 6%, what is the monthly rate?

5. Everything else the same, higher interest rates will result in higher present values. True or False?

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