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maria [59]
1 year ago
8

the annual percentage rate (apr) is equivalent to the stated rate of interest when the is used to calculate finance charges.

Business
1 answer:
mylen [45]1 year ago
3 0

The annual percentage rate (apr) is equivalent to the stated rate of interest when the simple interest method is used to calculate finance charges.

  • Finance, financing is the process of raising funds or capital for any kind of expense.
  • It is the process of directing various funds in the form of credits, loans, or invested capital to the entities that need them most or can use them most productively.

Finance can be broadly divided into three categories: public finance, corporate finance, and private finance. New subcategories of finance include social finance and behavioral finance. The purpose of finance is to enable individuals, businesses, and governments to save, manage, acquire, and use money efficiently.

Learn more about finance here: brainly.com/question/989344

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Answer:

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