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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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