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Given a principal of $1.00 and a time period of one year, two interest rates are equivalent if: Select one: a. the nominal rates are
Given a principal of $1.00 and a time period of one year, two interest rates are equivalent if: Select one: a. the nominal rates are the same but the compounding frequencies are different b. effective rates are not equal c. the nominal rates are different but the compounding frequencies are the same d. the amounts at the end of one year are the same for both rates
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