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Which of the following gives the highest annual effective rate of interest? (A) a nominal rate of interest of 1% per annum, convertible monthly (B)
Which of the following gives the highest annual effective rate of interest? (A) a nominal rate of interest of 1% per annum, convertible monthly (B) a nominal rate of interest of 1% per annum, convertible quarterly (C) a force of interest of 1% per annum (D) an effective rate of discount of 1% per annum (E) an effective rate of interest of 1% per annum
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