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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:

A)

annual percentage rate

B)

compounded rate

C)

quoted rate

D)

effective annual rate

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