The Market Interest Rate That Equates the Proceeds from a Loan

question 155

Multiple Choice

The market interest rate that equates the proceeds from a loan with the present value of the loan payments is called

• A)implicit interest rate.
• B)nominal interest rate.
• C)imputed interest rate.
• D)coupon interest.
• E)both A and C.

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Definitions:

Augmented Matrix

In linear algebra, an augmented matrix is obtained by appending the columns of two or more matrices, typically for the purpose of performing the same elementary row operations on each matrix.

Order

In mathematics, the arrangement or sequence of objects or numbers according to a specific rule, or the degree of a polynomial or differential equation.

Matrix

A rectangular array of numbers, symbols, or expressions, arranged in rows and columns, used in solving systems of linear equations and other mathematical operations.

Solution

The solution or solutions that make an equation, inequality, or system of equations true.