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Your company is considering to take a loan from the local bank. Bank charges a 1.25% interest rate per quarter. Then the rate 1.25*4 =5%

Your company is considering to take a loan from the local bank.

Bank charges a 1.25% interest rate per quarter.

Then the rate 1.25*4 =5% is called ____

annual percentage rate

discount rate

compound interest rate

effective annual rate

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