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:

Emollient

A substance, often a cream or lotion, used to soften or moisturize the skin.

Methicillin-Resistant Staphylococcus Aureus

A type of bacteria that is resistant to several antibiotics including methicillin, often causing hospital-acquired infections.

Pimples

Small, localized skin inflammations, often part of acne, resulting from the blockage of pores.

Pathogens

Microorganisms or viruses that can cause disease when they infect a host organism.