Find the effective rate of an account that earns 3.5% compounded: semiannually quarterly monthly weekly daily...

Find the effective rate of an account that earns 3.5% compounded:

semiannually
quarterly
monthly
weekly
daily
continuously

please dumb this down for me as much as possible

Expert Solution

jeff jeffy answered 4 months ago

1.) If the account earns an interest rate of 24% compounded monthly, find the effective rate...

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