Effective and nominal interest rates are equal, when the interest is compounded Options: A . &nbspannually B . &nbspfortnightly C . &nbspmonthly D . &nbsphalf-yearly

Effe

Question -

Effective and nominal interest rates are equal, when the interest is compounded

Options:

A . annually

B . fortnightly

C . monthly

D . half-yearly

Answer: Option A

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