The Stated Interest Rate Is the Interest Rate Expressed

question 82

Multiple Choice

The stated interest rate is the interest rate expressed:

• A)as if it were compounded one time per year.
• B)as the quoted rate compounded by 12 periods per year.
• C)in terms of the rate charged per day.
• D)in terms of the interest payment made each period.
• E)in terms of an effective rate.

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