Mathematics, 20.01.2020 23:31, cindykulei3719

When calculating the effective rate of a loan, which statement or statements must be true if n is equal to 1?

i. the nominal rate equals the effective rate.
ii. the length of the loan is exactly one year.
iii. the interest is compounded annually.
a.
i and iii
b.
ii and iii
c.
i only
d.
iii only

the answer is a on edg.

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When calculating the effective rate of a loan, which statement or statements must be true if n is eq...