Question 8 For an interest rate of 1% per 2 months a. 1.00596 b. 1.112% 1.8829 d. 12 times Determine the number of times interest would be compounded in 1 years If the mentioned interest rate is 1% peyear, compounded annually. What is the effective continuous interest rate per year? If the mentioned interest rate is 1% per 2 months, compounded monthly, the equivalent effective rate per quarter is 9 times f. 1.328% 1.50796 h 2.115% 6 times