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Relationship between annual nominal rate of interest and annual effective rate of interest, if frequency of compounding is greater than one: choose correct answer ?

Relationship between annual nominal rate of interest and annual effective rate of interest, if frequency of compounding is greater than one:

choose correct answer ?

a) Effective rate < Nominal rate

b) Effective rate > Nominal rate

c) Effective rate = Nominal rate

D) Nome of the answers are correct

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