Question: 2. 3.2 Identify the following interest rate statements as either nominal or effective: (a) 1.3% per month; (b) 1% per week compounded weekly; (c) APR

2. 3.2 Identify the following interest rate statements as either nominal or effective:

(a) 1.3% per month;

(b) 1% per week compounded weekly;

(c) APR of 15% per year compounded monthly;

(d) effective 1.5% per month compounded daily;

(e) 15% per year compounded semiannually;

( f ) 6.2% APY; (g) 3% per quarter; (h) 3% per quarter compounded monthly.

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