Question: Solve for true and false question please If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate. If interest

Solve for true and false question please

Solve for true and false question please If a bank compounds savings

If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate. If interest is compounded annually, the annual percentage rate will equal the effective annual rate. A bond is a perpetual security

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