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1. If the effective interest rate is 20% per annum, what is the Nominal Rate if it is? a. Compounded Daily (360 Days) e. Compounded

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1. If the effective interest rate is 20% per annum, what is the Nominal Rate if it is? a. Compounded Daily (360 Days) e. Compounded Quarterly b. Compounded Daily (365 Days) f. Compounded Semi-Annually c. Compounded Weekly g. Compounded Annually d. Compounded Monthly

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