Question: 5 ) ( 5 pts ea ) What is the CP , m , and effective rate per CP if: a ) r = 9

5)(5 pts ea) What is the CP, m, and effective rate per CP if:
a) r =9% per year, compounded quarterly
b) r =15% per month, compounded daily
Solution:
CP m Effective rate per CP
a)
b)

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