Accountancy, asked by sapnachoudhary5254, 3 months ago

7. Relationship between annual nominal rate of interest and annual effective
rate of interest, if frequency of compounding is greater than one:
Effective rate > Nominal rate
Effective rate <Nominal rate
Effective rate = Nominal rate
None of the above

Answers

Answered by AliaAlve20

11

Answer:

None of the above is correct answer

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