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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