The Annual Percentage Rate (APR) Is the Nominal Rate of Interest

question 13

True/False

The annual percentage rate (APR) is the nominal rate of interest, found by multiplying the periodic rate by the number of periods in one year.

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Definitions:

Continuum

A continuous sequence, range, or expanse that is measured or graded and from which intermediate instances are not distinctly different.

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An American biologist and sexologist, known for his research into human sexuality and the Kinsey Reports.

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