Business, 18.02.2020 05:29 eliana12

Which of the following statements is(are) true:
I. The nominal interest rate is also referred to as the APR or the stated rate.
II. You should use the nominal interest rate to compare two alternative investments/loans with different compounding periods.
I only II only Both I and II are correct
Neither I nor II are correct

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Which of the following statements is(are) true:
I. The nominal interest rate is also referred...

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