If nominal rate of return is 10% per annum and annual effective rate of interest is 10.38129%

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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 answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 30, 2023 06:38 AM

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If nominal rate of return is 10% per annum and annual effective rate of interest is 10.38129%

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The detailed answer for the above question is provided below The correct answer is iii semiannually ... View the full answer

Income Tax Fundamentals 2013

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