Question: 1 4 Multiple Choice 1 point You would be making a wise decision if you chose to: base decisions regarding investments on effective rates and

14

Multiple Choice

1

point

You would be making a wise decision if you chose to:

base decisions regarding investments on effective rates and base decisions regarding loans on and

accept the loan with the lower effective annual rate rather than the loan with the lower annual percentage rate. assume all loans and investments are based on simple interest.

invest in an account paying

6

percent, compounded quarterly, rather than an account paying

6

percent, compounded monthly.

1 4 Multiple Choice 1 point You would be making a

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