Is the effective rate of interest ever equal to the nominal interest rate? Explain.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 01, 2024 02:52 AM

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Is the effective rate of interest ever equal to the nominal interest rate? Explain.

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The effective rate of interest and the nominal interest rate can be equal under certain conditions b...View the full answer

Business Mathematics In Canada

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