If nominal rate of return is 10% per annum and annual effective rate of interest is 10.38129%
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Question:
If nominal rate of return is 10% per annum and annual effective rate of interest is 10.38129% per annum, the frequency of compounding is:
i. monthly
ii. quarterly
iii. semi-annually
iv. weekly
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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