Identify the compounding period for the following interest statements: (a) 3% per quarter; (b) 10% per year, compounded semiannually; (c) nominal 7.2% per year, compounded monthly; (d) effective 3.4% per quarter, compounded weekly; and (e) 2% per month, compounded continuously
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Home » Business » Identify the compounding period for the following interest statements: (a) 3% per quarter; (b) 10% per year, compounded semiannually; (c) nominal 7.2% per year, compounded monthly; (d) effective 3.