If the effective rate of the note is higher than the nominal rate, the initial amount of the note will result into a discount.Group of answer choicesTrueFalse

True or False: The effective annual rate of return considers the effect of compounding while the nominal rate does not.A.TrueB.False

If nominal interest rate is 12% and it is compounded monthly, what is the effective interest rate per interest period?

What is the nominal rate per annum when interest is payable half-yearly that would be given an effective rate of 10% per annum?

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:A)6.06%B)6.07%C)6.0B%D)6.09%

If the principal amount of the note is payable in lump-sum, the entity should use the present value of 1.Group of answer choicesTrueFalse