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If a bank offers you an interest rate on loan of 12% compounded annually, the effective interest rate you pay is Group of answer choices
If a bank offers you an interest rate on loan of 12% compounded annually, the effective interest rate you pay is
Group of answer choices
15.00%
12.00%
14.99%
13.30%
Finding how much a future cash flow is worth today is called
Group of answer choices
Future Value
Perpetuity
Annuity
Present value
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