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Please describe the effective rate of return? What are the effective rates of return on a...

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Finance

Please describe the effective rate of return? What are theeffective rates of return on a 5% annual rate of return ifcompounded daily, weekly, monthly and, annually. Would you prefermore frequent compounding or less if you are lending money andwhy?

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Please describe the effective rate ofreturnEffective rate of return ERR is the actual rate of aninvestment This is a a measure of actual rate returned by theinvestment and not the nominal    See Answer
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Please describe the effective rate of return? What are theeffective rates of return on a 5% annual rate of return ifcompounded daily, weekly, monthly and, annually. Would you prefermore frequent compounding or less if you are lending money andwhy?

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