I you are looking for an effective annual return of 8 , Financial Management

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I you are looking for an effective annual return of 8

If you are looking for an effective annual return of 8%,

(a) compute the APR’s when interests are compounded two times a year,

(b) What if interests are compounded daily?

(c) If you take a loan at an annual stated yield of 6% for 3 years, and if you make a regular payment monthly, what effective rate will you end up paying over the entire 3 years?

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