The most common payment schedule calls for monthly payments; thus,before using the quoted APR,you must convert the quoted APR into an ________ rate per month.
A) semiannual
B) monthly
C) quarterly
D) equivalent effective

Question

Quizplus · Accepted Answer

The Answer of The most common payment schedule calls for monthly payments; thus,before using the quoted APR,you must convert the quoted APR into an ________ rate per month.
A) semiannual
B) monthly
C) quarterly
D) equivalent effective

The Most Common Payment Schedule Calls for Monthly Payments; Thus,before