Question: What is the difference between these two questions, please An interest rate is 12% per annum with semiannual compounding. What is the equivalent rate with

What is the difference between these two questions, please

An interest rate is 12% per annum with semiannual compounding. What is the equivalent rate with quarterly compounding?

An interest rate is 12% when expressed with quarterly compounding. What is the equivalent rate with semiannual compounding?

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