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3. A/An _____ is an interest rate in which the monthly interest is expressed as only being compounded annually. Question 3 options: A) annual percentage
3. A/An _____ is an interest rate in which the monthly interest is expressed as only being compounded annually.
Question 3 options:
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A) | annual percentage rate |
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B) | compounded rate |
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C) | quoted rate |
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D) | effective annual rate |
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