If the interest rate ( SAIR ) is 1 0 % per annum a , What is
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Question:
If the interest rate SAIR is per annum
a What is the effective annual interest rate EAIR if the compounding frequency is semiannual?
b What about if the compounding frequency is quarterly?
c What about if the compounding frequency is monthly?
d What about if the compounding frequency is continuous?
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