Annual interest rates consider the effect of interest, Financial Management

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Annual interest rates consider the effect of interest

True or False:

1. Annual interest rates consider the effect of interest earned on reinvested interest payments:

2. When comparing loans, you should compare the effective annual rates:

3. Annual and effective interest rates are equal when interest is compounded annually:

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Financial Management: Annual interest rates consider the effect of interest

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Financial Management: Annual interest rates consider the effect of interest

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