Interest rates on notes are usually stated as a(n)
A) monthly rate.
B) daily rate.
C) annual rate.
D) semi-annual rate.

Name: Interest rates on notes are usually stated as a(n) A) monthly rate. B) daily rate. C) annual rate. D) semi-annual rate.
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Question

Quizplus · Accepted Answer

Interest rates on notes are typically stated as an annual rate, which represents the percentage of the principal that will be charged as interest over the course of a year.

Interest Rates on Notes Are Usually Stated as A(n)