Question: a. Convert 1.25% simple monthly rate into simple annual rate. b. Convert 6% simple annual rate into annual rate, compounded semi-annually. c. Convert 6.5% annual

a. Convert 1.25% simple monthly rate into simple annual rate.

b. Convert 6% simple annual rate into annual rate, compounded semi-annually.

c. Convert 6.5% annual rate compounded semi-annually into annual rate, compounded monthly.

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