Nominal and effective interest rates are equal, when the interest is compounded Options: A . &nbspQuarterly B . &nbspSemi-annually C . &nbspAnnually D . &nbspIn no case, they are equal

Nominal and effective interest rates are equal, when the interest is compounded

Question - Nominal and effective interest rates are equal, when the interest is compounded

Options:

A . Quarterly

B . Semi-annually

C . Annually

D . In no case, they are equal

Answer: Option C

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