In the Interest Formula, the Interest Rate Is on A(n)

question 119

Multiple Choice

In the interest formula, the interest rate is on a(n) basis; therefore, the time variable must reflect how many out of in the interest period.

• A) biannual, months, 6
• B) annual, years, 1
• C) biannual, half-years, 2
• D) annual, months, 12

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Items or services that are considered to be of great importance or worth, often commanding a high price in the market.

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