How Many Arcminutes Are in One Degree

question 95

Multiple Choice

How many arcminutes are in one degree?

• A)360
• B)60
• C)3600
• D)10,000
• E)100

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Definitions:

Effective Interest Rate

The real rate of interest earned or paid on a loan or investment over a period, taking into account the effect of compounding.

Interest Expense

The cost incurred by an entity for borrowed funds, considered a non-operating expense on the income statement.

Contract Rate

The specific interest rate established in a lending or financial agreement, often determining the amount of interest a borrower will pay over the term of a contract.

Present Value

Today's monetary value of a forthcoming sum or series of cash flows, after considering a specified rate of return.