Question: Multiple Choice 2 . 5 points If interet on 1 strings sceount is cempounded semiannually, the effective rate of interest will be a . higher

Multiple Choice 2.5 points
If interet on 1 strings sceount is cempounded semiannually, the effective rate of interest will be
a. higher than the nomisal rate.
b.lower than the nominal rate.
c the same as the simple rate
degaal to the nominal rate.
Multiple Choice 2 . 5 points If interet on 1

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