Question: 3. [4 points] Given an effective rate re, what is the equivalent nominal rate r, if compounding is monthly 3. [4 points] Given an effective

3. [4 points] Given an effective rate re, what is the equivalent

3. [4 points] Given an effective rate re, what is the equivalent nominal rate r, if compounding is monthly

3. [4 points] Given an effective rate re, what is the equivalent nominal rate r, if com- pounding is monthly.

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