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

the answer is a on edg.

The answer is : a. I and III

Step-by-step explanation:

3rd box is the answer

step-by-step explanation:

step-by-step explanation:

for exempl this   system of equations   y = x - 3

                                                                y = 2x - 5

look   the line : y = x -3     ( red)

                            the line : y = 2x -5 ( bleus)