Question: Please help me with this problem! (1 point) Find the effective rate of interest for a) 9% compounded monthly. Rate = % b) 7% compounded

Please help me with this problem!

(1 point) Find the effective rate of interest for a) 9% compounded monthly. Rate = % b) 7% compounded semiannually. Rate = % Note: You can earn partial credit on this

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