Find the effective annual discount rate

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Reference no: EM131826179

Suppose that $100 is deposited into a savings account, earning at a discount rate of 0.15% biweekly, at the beginning of year 2006.

(a) Find the nominal annual discount rate.

(b) Find the effective annual discount rate.

(d) Find the equivalent effective annual interest rate.

(e) Find the equivalent nominal annual interest rate, convertible monthly.

Reference no: EM131826179

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