Question: answer must be in 100-200 words What rate compounded quarterly is equivalent to (a) 10% effective, (b) 10% compounded monthly, (c) 10% simple interest for

answer must be in 100-200 words

answer must be in 100-200 words What rate

What rate compounded quarterly is equivalent to (a) 10% effective, (b) 10% compounded monthly, (c) 10% simple interest for two years, and (d) 10% simple discount rate for 2 years

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