Mathematics, 29.12.2021 22:40 cxttiemsp021
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.
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When calculating the effective rate of a loan, which statement or statements must be true if n is eq...
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