Friday, May 21, 2010

MATH question... =P should be easy!?

Can someone match the letters with the definitions! =(





A effective rate


B compound rate


C simple rate


D nominal rate


E continuous rate


F None of the above





1. The simple rate of interest that yields the same future amount after one year as the nominal rate.





2. The rate stated per year.





3. The rate that continuously effects the present amount.





4. The rate given per compounding period.





5. The rate given per year and charged or paid only on the present amount.





thx!

MATH question... =P should be easy!?
answers: A, B, C, D, E, and F


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