When calculating the effective rate of a loan, which statement or statements must be true if n is equal to 1?

i. the nominal rate equals the effective rate.
ii. the length of the loan is exactly one year.
iii. the interest is compounded annually.
a.
i and iii
b.
ii and iii
c.
i only
d.
iii only

the answer is a on edg.

The answer is : a. I and III

Step-by-step explanation:

The effective rate of a loan (let's call it "e") can be calculated as: , where "i" is the nominal interest rate, and "n" is the number of compounding periods per year.When n equals one (n=1), which means that the number of compunding periods per year equals one (it compounds anually), then . Therefore , the anual nominal rate equals the effective rate () when the interests compund anually.

One unique triangle, because those angles add up to 180, and that's how many degrees there are in one triangle.

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