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Identify the following interest rate statements as either nominal or effective : (a) 11% per year compounded monthly; (b) effective 2.5% per month compounded weekly; (c) 15% per quarter; (d) nominal 4.5% per month compounded weekly; and (e) 15% per quarter compounded quarterly; (f) 3% per year compounded annually (g) 6% per year (h) 1% per week compounded weekly (i) effective 1.5% per month compounded weekly (j) 2% per month compounded continuously.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92022413

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