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Mathematics, 12.08.2020 23:01 brooklyn4932

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.

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When calculating the effective rate of a loan, which statement or statements must be true if n is eq...

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