Question: 9) If effective interest rate is 0.4% per month compounded monthly, what would z% per year compounded monthly? A. 4.8% B. 48% C. 0.48% D.

9) If effective interest rate is 0.4% per month compounded monthly, what would z% per year compounded monthly?

A. 4.8%

B. 48%

C. 0.48%

D. 2.4%

10) Convert an effective rate of 12 % per year compounded weekly to Z % per year compounded yearly.

A. 11.734%

B. 12.04%

C. 13.034%

D. 12.734%

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