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Citrus2011 [14]
1 year ago
8

The actual interest rate on a loan that is compounded monthly but expressed as an annual rate is referred to as the _____ rate.

Business
1 answer:
Brrunno [24]1 year ago
3 0

annual percentage rate

The effective tax rate of return from an investment for a year, taking into account compound interest, is known as the annual percentage yield (APY). The amount that lenders charge borrowers as a proportion of the principle is called the interest rate. Additionally, it is the sum derived from deposit accounts.

The annual interest produced by an amount that is paid to investors or levied to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the real annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other expenditures related to the transaction.

To know more about annual percentage rate refer to brainly.com/question/26037117

#SPJ4

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Assume the bid rate of an Australian dollar is $0.60 while the ask rate is $0.61 at Bank Q. Assume the bid rate of an Australian
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$16,393.44

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On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin
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patent on the consolidated estament: 32,000

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45,000 x 80% = 36,000

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