The First Step in Using the Step Approach to Finding

question 79

Multiple Choice

The first step in using the step approach to finding the greatest common divisor is to:

• A)Use the observation method
• B)Divide the larger number into the smaller number
• C)Divide the numerator into the denominator
• D)Divide the remainder into the divisor
• E)Subtract the numerator from the denominator

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Definitions:

Equal Installments

Equal installments refer to payments of the same amount made periodically over the term of a loan or financing agreement.

Interest

The charge for borrowing money or the return on invested capital.

Nominal Annual Rate

The stated or face interest rate of a financial product, not adjusting for compounding or inflation over time.

Effective Annual Rate

This is the interest rate on an investment or loan that accounts for the effects of compounding over a given period, providing a more accurate picture of financial returns or costs.