Question: a. Convert 3% simple monthly rate into simple annual rate. b. Convert 6% simple annual rate into annual rate, compounded monthly. c. Convert 9% annual

a. Convert 3% simple monthly rate into simple annual rate.

b. Convert 6% simple annual rate into annual rate, compounded monthly.

c. Convert 9% annual rate compounded monthly into annual rate, compounded daily.

d. Convert 12% annual rate, compounded weekly into simple annual rate.

e. Convert 15% simple annual rate into annual rate, compounded semi-annually.

Show all work. Label and clearly explain your answer.

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