Solve Problem using Excel.
a. EFFECT(0.0625, 12) =
b. EFFECT(0.0925, 12) =
c. EFFECT(0.169, 12) =
a. EFFECT(0.0625, 12) = 6.43%
b. EFFECT(0.0925, 12) = 9.65%
c. EFFECT(0.169, 12) = 18.27%
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