Tell Siri what you'd like to do. Speak into your iPhone 4S with a command like, Remind me to buy milk, bread, and eggs today at 4 p.m. or you can say something like, Remember to thank John for the present.. Glance at your iPhone 4S screen to review your reminder. Or listen to Siri's confirmation.
Effective Interest Method. The effective interest method is a technique for calculating the actual interest rate in a period based on the amount of a financial instrument's book value at the beginning of the accounting period.
If interest on a savings account is compounded semiannually, the effective rate of interest will be A. Higher than the nominal rate B. Lower than the nominal rate C. The same as the simple rate D. Equal to the nominal rate E. Lower than the simple rate. A.