a&b You gave a loan of $5,000.00 to a friend for 3 years compounded every 4...

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a&b

Answer 1

Answer #1

rate r (future value/present value) (1/time)-1 a) Interest rate per period:- 2.99% (7116.56/5000)A(1/12)-1 b) Nominal interes

Answer 2

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