Question: 9. Determine the effective annual interest rate, based on the nominal interest rate that is provided: a) 9% per year with capitalization annually, b) 6.8%

9. Determine the effective annual interest rate, based on the nominal interest rate that is provided: a) 9% per year with capitalization annually, b) 6.8% per year with capitalization semi- annually, c) 11% per year with capitalization monthly

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