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If the effective yearly interest rate is 22.5%, The nominal interest rate would be 21% coumponded (5/100) a. Semiannually (once every six month) b. Quarterly

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If the effective yearly interest rate is 22.5%, The nominal interest rate would be 21% coumponded (5/100) a. Semiannually (once every six month) b. Quarterly (once every 3 month) C. Once every four month d. Monthly

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