Identify the following interest rate statements as either, Business Economics

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Identify the following interest rate statements as either

Identify the following interest rate statements as either nominal or effective: 13% per year compounded monthly; 2.5% per quarter compounded quarterly; effective 2% per month compounded weekly; nominal 1.5% per month compounded daily; and 12% per year compounded semi-annually; 4% per year 6% per year compounded annually 1% per month compounded monthly effective 1.5% per month compounded weekly 2 % per month compounded continuously.

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