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3. What semiannually compounded rate is equivalent to 6% compounded:
a. Annually?
b. Quarterly?
c. Monthly?
4. What monthly compounded interest rate is equivalent to 6% compounded:
a. Annually?
b. Semiannually?
c. Quarterly? 5. What quarterly compounded rate is equivalent to 7.5% compounded semiannually?
6. What semiannually compounded rate is equivalent to 8.5% compounded quarterly? 7.For a three-year GIC investment, what nominal rate compounded monthly would put you in the
same financial position as 5.5% compounded semiannually?
8. You are offered a loan at a rate of 9% compounded monthly. Below what nominal rate of
interest would you choose semiannual compounding instead?

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