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Finance is one such subject that enables you to manage your finance with utmost excellence. However, for that to happen, you have to not just have at horough knowledge of each and every chapter in Finance, but you must also have completed the assignments and homework of each of it with utmost excellence.
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What is effective and nominal rate?
Where nominal rate is the simple interest in the true sense of the term, the effective rate is that interest rate that adds up to the nominal rate depending on the number of compounding years that you take to pay back the loan.
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One should go for the effective vs nominal rate homework help because not only will it help you clear all your doubts regarding the said topic but also make it easier for you to write better answers in the exams and apply your knowledge to better use in the future.
Branches of Finance
Finance has numerous branches of which the most popular ones are as follows:
- Public finance
- Corporate finance
- Personal finance
What is the knowledge of effective and nominal rate used for?
Effective and nominal interest rates are the kinds of interest rates that banks ask you to pay when you apply for a loan under them. The thorough knowledge of these will further help you choose the bank which offers you the best offer in terms of interest paying.
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