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
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