Question: ONLY ANSWER B & C!!! Calculate the effective annual interest rate for the following loan scenarios a. The loan attracts a 10% interest rate compounded

ONLY ANSWER B & C!!!

ONLY ANSWER B & C!!! Calculate the effective annual interest rate for

Calculate the effective annual interest rate for the following loan scenarios a. The loan attracts a 10% interest rate compounded quarterly b. The loan attracts a monthly interest rate of 10% c. The loan attracts a 10% interest rate compounded continuously d. The loan attracts a 2.5% interest rate per quarter

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