Question: Is this correct? 4. For a compound interest problem, the effective rate of interest, denoted by refs, of a nominal rate of p percent compounded

Is this correct?

Is this correct? 4. For a compound interest problem, the effective rate

4. For a compound interest problem, the effective rate of interest, denoted by refs, of a nominal rate of p percent compounded m times a year, is given by A) reft = 1 h (B) resp = (1 + am - 1 C) refs= (1 + ) + 1 D) refs= (1 + r) - 1 E) None of these. effective rate = (1 + 1

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