Anna pays .85 percent interest monthly on her credit card account. when the interest rate on that debt is expressed as if it were compounded annually, the rate would be referred to as the: annual percentage rate. simplified rate. quoted rate. stated rate. effective annual rate.

The answer is the effective annual rate. It is the interest rate that is actually received or paid on a deal, credit or other financial product due to the outcome of compounding over a period of time. The effective annual interest rate is a vital idea in finance because it used to link different products to compute compounded interest contrarily. For example, if an investment pays 5% compounded monthly and another pays 5.1% compounded semi-annually, the effective annual rate can be used to choose which investment pays more over the year.

Your answer would be is four

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.