(a) The nominal rate of interest is 10% per annum convertible monthly, i.e. i(12)=10% (i)...
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Accounting
(a) The nominal rate of interest is 10% per annum convertible monthly, i.e. i(12)=10% (i) Calculate the equivalent effective rate of interest per annum, i. [2 marks] (ii) Calculate the equivalent nominal rate of interest per annum convertible quarterly, i(4). [2 marks]
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