1 (a)

If the nominal interest rate is 18%, what is the effective interest rate when interest is compounded

a)Annually Answer 18%

b) Semiannually Answer 18.81%

C) Quarterly Answer 19.25%

D) Monthly Answer 19.56%

E) Dail Answer 17.716%

F) Continuously Answer 19.722%

B) If the effective interest rate is 18%, what is the nominal interest rate when interest is compounded

G)Annually Answer 18%

H) Semiannually Answer 17.26%

I) Quarterly Answer 16.90%

J) Monthly Answer 16.67%

E) Daily Answer 16.56%

F) Continuously Answer 16.55%