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quickly any correct choice 2 1.00 What nominal interest rate per year is equivalent to ?12.5% per year, compounded monthly 12.75%.a 11.5%.b 12.5%.C 10%.d 1

quickly any correct choice

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2 1.00 What nominal interest rate per year is equivalent to ?12.5\% per year, compounded monthly 12.75%.a 11.5%.b 12.5%.C 10%.d 1 1.00 An interest rate is an effective rate under all of the :following conditions, except when : 1 .The compounding period is not stated .a The interest period and compounding b .period are the same The interest statement says that the interest .c rate is effective The interest period is different from the.d .compounding period

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