Select the rate that is defined by each statement.
A simple rate
B continuous rate
C nominal rate
D compound rate
E effective rate
F None of the above
The simple rate of interest that yields the same future amount after one year as the nominal rate.
The rate that continuously effects the present amount per period.
The rate stated per year.
The rate given per year and charged or paid only on the present amount.
The rate given per compounding period.
Can someone help me define these words? (rates)?
A simple rate
B continuous rate
C nominal rate
D compound rate
E effective rate
F None of the above
AThe simple rate of interest that yields the same future amount after one year as the nominal rate.
BThe rate that continuously effects the present amount per period.
CThe rate stated per year.
EThe rate given per year and charged or paid only on the present amount.
DThe rate given per compounding period.
Reply:Select the rate that is defined by each statement.
A simple rate
B continuous rate
C nominal rate
D compound rate
E effective rate
F None of the above
A The simple rate of interest that yields the same future amount after one year as the nominal rate.
B The rate that continuously effects the present amount per period.
C The rate stated per year.
EThe rate given per year and charged or paid only on the present amount.
D The rate given per compounding period.
Reply:its B continuous rate
Reply:idk any of these but if it helps you can go to wiktionary.org
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