# Question: Compute the effective annual rates for the following a 2 percent

Compute the effective annual rates for the following:

a. 2 percent compounded yearly.

b. 2 percent compounded semi-annually.

c. 2 percent compounded quarterly.

d. 2 percent compounded monthly.

e. 2 percent compounded daily (use 365 days a year).

a. 2 percent compounded yearly.

b. 2 percent compounded semi-annually.

c. 2 percent compounded quarterly.

d. 2 percent compounded monthly.

e. 2 percent compounded daily (use 365 days a year).

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