Question
The __________ is the interest rate that is actually earned or paid on an investment, loan, or other financial instrument due to the result of
The __________ is the interest rate that is actually earned or paid on an investment, loan, or other financial instrument due to the result of compounding interest over a given time period.
-effective period rate
-effective compounding rate
-effective interest rate
-effective deposit rate
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Comprehensive Assurance & Systems Tool
Authors: Laura R. Ingraham, Greg Jenkins
4th Edition
0134790472, 9780134790473
