Mathematics, 29.12.2021 19:40 Learsyguerra26

When calculating the effective rate of a loan, which statement or statements must be true if n is greater than 1? I. The length of the loan is greater than a single year. II. The effective rate will exceed the nominal rate. III. The interest will be compounded monthly. A. II only b. II and III c. I and III d. I, II, and III.

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