Calculate the effective rate of interest corresponding to the given nominal rate. 1. 4% interest compounded semiannually
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1. 4% interest compounded semiannually
2. 8.45% interest compounded weekly
3. 4.4% interest compounded monthly
4. 7.95% interest compounded quarterly?
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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