An Interest Rate Expressed as If It Were Compounded Once

question 58

Multiple Choice

An interest rate expressed as if it were compounded once per year is called the

• A)periodic interest rate.
• B)compound interest rate.
• C)stated annual rate.
• D)daily interest rate.
• E)effective annual rate.

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Definitions:

Anecdotal Accounts

Personal stories or observations used as evidence, which may not be scientifically validated.

Experiments

Scientific procedures undertaken to make a discovery, test a hypothesis, or demonstrate a known fact through controlled observation and manipulation of variables.

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The capacity to do work, which may manifest in various forms such as kinetic, potential, thermal, electrical, chemical, nuclear, or other forms of energy.

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