With an interest-bearing instrument, it is necessary to know the exact interval during which the interest will accrue.

Name: With an interest-bearing instrument, it is necessary to know the exact interval during which the interest will accrue.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true because the interval during which the interest accrues determines the amount of interest that will be earned by the investor. It is important for investors to know this information so they can accurately calculate their return on investment.

With an Interest-Bearing Instrument, It Is Necessary to Know the Exact