(Solved): ng is (8) None of the above. 11. For a nominal interest rate of 12% per year, the effective rate pe ...

ng is (8) None of the above. 11. For a nominal interest rate of 12% per year, the effective rate per year for monthly compounding is closest to: (a) 1.00% (c) 12.00% (b) 12.68% (d) None of the above 12. For the cash flow diagram shown in ne (a) Months Labe