Float Switches Can Be Used to Pump Water from a Tank

question 7

True/False

Float switches can be used to pump water from a tank or sump.

---

Definitions:

Effective Interest Rate

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

Pledging Receivables

Borrowing money using receivables as collateral.

Effective Cost

The total cost of a financing option, including all fees and interest, adjusted for any discounts or premiums, providing a true comparison of costs.

Annual Rate

Annual rate often refers to the interest rate for a period of one year, but can also apply to any annualized financial metric intended to allow comparison over a year's period.