In multi –period compounding , the effective interest rate will be – (a) Will be equal to nominal interest rate(b) Will be more than nominal interest rate(c) Will be less than nominal interest rate(d)...

In multi –period compounding , the effective interest rate will be – (a) Will be equal to nominal interest rate(b) Will be more than nominal interest rate(c) Will be less than nominal interest rate(d) Could be less than or equal to nominal interest rate