Question: Secure https://www.mathxl.com Student/PlayerHomework aspx?homeworkld... Math 116 Section 007 Fall 2017 omework: Section 2_6 Part A 1 of 11 (10 complete) pre: 0 of 1

Secure https://www.mathxl.com Student/PlayerHomework aspx?homeworkld... Math 116 Section 007 Fall 2017 omework: Section 2_6 Part A 1 of 11 (10 complete) pre: 0 of 1 pt 6.1 What is the difference between stated interest rate and effective interest rate? Choose the correct answer below. OA. The stated interest rate is the annual yield. The effective interest rate is the yield from continuous compounding. OB. The stated interest rate is the percentage per compounding period. The effective interest rate is the stated interest rate multiplied by the number of compounding periods. HW Score: 89.39% , 9.83 of . Question Help C. The stated interest rate is the rate used to calculate future value based on present value. The effective interest rate is the rate used to calculate present value based on future value. OD. The stated interest rate is the annual interest rate before adjusting for compounding. The effective interest rate is the actual percentage increase after compounding. Click to select your answer and then click Check Answer. All parts showing Clear All P 11 Save Check Answer MacBook P

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