Question: (c) (i) For the compound-interest method with m-compounding, show that the annual effective rate of interest is [1 + m). -1. Your answer should include

(c) (i) For the compound-interest method with m-compounding, show that the annual effective rate of interest is [1 + m)". -1. Your answer should include the definition of the effective rate of interest, and also the accumulation function At) for m-compounding

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