Question 10 i) Discuss the distinction between the nominal rate and effective annual rate ii) if you put a deposit that offer a nominal rate (quoted rate) of 12 p a calculate the effective annual rate if the rate is compounded a) annually b) semi annually c) quarterly d) daily e) continuously ie 1...

i The nominal rate is the interest rate quoted as an annual percentage rate It does not ta ...

Question 10 i) Discuss the distinction between the nominal rate and effective annual rate. ii) if...

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Question 10 i) Discuss the distinction between the nominal rate and effective annual rate. ii) if...

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