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Question 32 2.5 pts If interest on a savings account is compounded semiannually, the effective...

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Question 32 2.5 pts If interest on a savings account is compounded semiannually, the effective rate of interest will be higher than the nominal rate. lower than the nominal rate. the same as the simple rate. equal to the nominal rate. lower than the simple rate. Question 40 2.5 pts The interest rates and monthly mortgage payments will not change over the life of your mortgage; you have an) reverse-annuity mortgage. fixed-rate mortgage. adjustable rate mortgage. rollover mortgage graduated-payment mortgage

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