Mathematics, 13.10.2019 20:30 angelica7773
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
i think it's a
Answers: 2
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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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