Interest rate statements as either nominal or effective

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Reference no: EM13802227

Identify the following interest rate statements as either nominal or effective: (a) 1% per month compounded weekly; (b) 0.5% per week compounded weekly; (c) effective 15% per year com- pounded monthly; (d) nominal 1.5% per month compounded daily; and (e) 15% per year com- pounded quarterly; (f) 4% per year (g) 6% per year compounded annually (h) 1% per month compounded monthly (i) effective 1.5% per month compounded weekly (j) 2 % per month compounded continuously

Reference no: EM13802227

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