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An interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the _____ rate. Daily interest Periodic
An interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the _____ rate.
- Daily interest
- Periodic interest
- Stated interest
- Compound interest
- Effective annual
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
