What does the number 0.05 represent in the given equation: .
A)annual interest rate
B)interest
C)future value
D)time
E)principal

Name: What does the number 0.05 represent in the given equation: . A)annual interest rate B)interest C)future value D)time E)principal
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Question

What does the number 0.05 represent in the given equation:  . ​
A)annual interest rate 
B)interest 
C)future value 
D)time 
E)principal

Quizplus · Accepted Answer

The number 0.05 is commonly used to represent the annual interest rate in financial calculations.

What Does the Number 0