The APR

question 33

Multiple Choice

The APR:

• A)Adjusts for inflation.
• B)Is always compounded multiple times per year.
• C)Adjusts for items such as loan processing fees,mortgage insurance,and points.
• D)Is the rate associated with perpetual annuities.
• E)None of the above.

---

Definitions:

Cooling

The process of removing heat from an object or space, often to maintain a desired temperature.

Phase Current

The electric current flowing through one phase of a multi-phase system, like in three-phase electrical systems.

Resistive Load

A type of electrical load in which the current flowing through it is directly proportional to the voltage across it, in accordance with Ohm's law.

Turns Ratio

The proportion between the turns in the primary coil compared to the turns in the secondary coil of a transformer.