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

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Definitions:

Growth Hormone

A hormone that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

Somatomedins

Somatomedins, also known as insulin-like growth factors (IGFs), are a group of proteins that play a crucial role in cell growth, development, and are influenced by growth hormone levels.

Growth Hormone-Releasing Hormone

A hypothalamic hormone that stimulates the pituitary gland to release growth hormone, which in turn regulates growth and metabolism.

Antidiuretic Hormone

A hormone released by the pituitary gland that regulates the body's retention of water by increasing the reabsorption of water in the kidneys.