Question
Consider these statements and decide which is/are correct? I. Future value interest factors are generally less than 1.00. II. When comparing interest rates on loans,
Consider these statements and decide which is/are correct? I. Future value interest factors are generally less than 1.00. II. When comparing interest rates on loans, the borrower should compare the effective annual rates. IIII. Effective and annual and interest rates are equal when interest is compounded annually.
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
