Question: could someone help me answer these questions: 1. APR stands for: Select one: a.annual percentage rate b.average percentage rate c.actual percentage rate d.automatic percentage rate

could someone help me answer these questions:

1. APR stands for:

Select one:

a.annual percentage rate

b.average percentage rate

c.actual percentage rate

d.automatic percentage rate

2. EAR stands for:

Select one:

a. estimated annual rate

b. effective annual rate

c. effective average rate

d. equivalent annual rate

3. NAR stands for:

Select one:

a. nominal average rate

b. normal annual rate

c. nominal annual rate

d. normal average rate

4. which of these is often referred to as the 'headline rate'?

Select one:

a. APR

b. NAR

c. EAR

d. AER

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!