Determine the effective interest rate corresponding to the, Financial Management

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Determine the effective interest rate corresponding to the

1. Determine the effective interest rate corresponding to the 12% per year, compounded continuously.

2. Determine the effective annual interest rate if the nominal interest rate is 15%, compounded monthly.

3. Determine the effective annual interest rate if the nominal interest rate is 7%, compounded monthly.

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Financial Management: Determine the effective interest rate corresponding to the

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