Fianancial questoin match?

Question

Select the rate that is defined by each statement.

A nominal rate

B effective rate

C continuous rate

D compound rate

E simple rate

F None of the above

1.The rate given per compounding period.

2.The rate given per year and charged or paid only on the present amount.

3The rate that continuously effects the present amount.

4.The rate stated per year.

5.The simple rate of interest that yields the same future amount after one year as the nominal rate.

Answer 1

a3