The interest rate expressed in terms of the interest payment made each period is called the _____ rate.
A) stated annual interest
B) compound annual interest
C) effective annual interest
D) periodic interest
E) daily interest

Question

Quizplus · Accepted Answer

The Answer of The interest rate expressed in terms of the interest payment made each period is called the _____ rate.
A) stated annual interest
B) compound annual interest
C) effective annual interest
D) periodic interest
E) daily interest

The Interest Rate Expressed in Terms of the Interest Payment