Mathematics, 29.12.2021 21:50 leroybennett06

Orlando has a loan with an effective interest rate of 7. 918%, compounded annually. Which of the following must be true? I. In the effective rate formula, n is equal to one. II. The nominal rate is 7. 918%. III. The Federal Funds Rate is static. A. I and II b. II only c. III only d. I, II, and III.

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Orlando has a loan with an effective interest rate of 7. 918%, compounded annually. Which of the fol...

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