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Posted: **Mon May 30, 2022 7:13 am**

: Question 8 2 Marks What Is The Effective Rate On A Certificate Of Deposit That Has A Nominal Rate Of 11 5 With Intere 1 (17.03 KiB) Viewed 14 times

Question 8 (2 marks) What is the effective rate on a certificate of deposit that has a nominal rate of 11.5% with interest compounded quarterly? xt a. 11.50% b. 10.90% c. 12.01% d. 13.13% O a. O b. O c. Od.