Please show work 1. If the quarterly rate is 3%, what is the annual rate?...
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Accounting
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1. If the quarterly rate is 3%, what is the annual rate?
2. If the annual rate is 8%, what is the semiannual rate?
3. If the annual rate is 9%, what is the quarterly rate?
4. If the annual rate is 6%, what is the monthly rate?
5. Everything else the same, higher interest rates will result in higher present values. True or False?
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