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Author Question: Which of the following statements is correct regarding interest rates? (Read 33 times)

warrenjean01

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on: Aug 7, 2023
Which of the following statements is correct regarding interest rates?

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The nominal rate is the rate that is generally shown on time lines and used in calculations.


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The effective annual rate does take the compounding period into account.


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The annual percentage rate should be used to compare the effective cost or rate of return on loans or investments when payment periods differ.


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The effective annual rate is the nominal annual interest rate actually charged on loans. 

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Marked as best answer by warrenjean01 on Aug 7, 2023

Tussalpain

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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warrenjean01

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

mohan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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