In Canada,the Reason an APR Cannot Be Used as a Discount

question 36

Multiple Choice

In Canada,the reason an APR cannot be used as a discount rate in a mortgage calculation is

• A) because it has a different compounding frequency in a year than the payment frequency in a year.
• B) because it has the same compounding frequency in a year as the payment frequency in a year.
• C) because it has twice the compounding frequency in a year that the payment frequency in a year has.
• D) none of the above

---

Definitions:

ΔH°

The standard enthalpy change of a reaction, representing the heat absorbed or released under standard conditions.

ΔS°

The standard entropy change for a process, representing the change in entropy under standard conditions.

Rate Law

An equation that relates the rate of a chemical reaction to the concentration of its reactants, often in the form rate = k[A]^x[B]^y, where k is the rate constant.

Chlorination

A chemical process that introduces chlorine atoms into a molecule.