mgillis1556 mgillis1556

04-06-2024
Business

Answered

The annual percentage rate (APR) on a loan or investment is defined as _____.
a. the annually compounded rate of interest
B. the rate applied to the loan or investment balance per year
C. a rate that is changed every year by the Federal Reserve Bank
D. the interest rate that is annualized using simple interest

Answer :

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