Rate charged by bank 12.5% on credit loans and 3% semiannually on inst – McqOptions

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1.	Rate charged by bank 12.5% on credit loans and 3% semiannually on installment loans is considered as
A.	Periodic rate
B.	Perpetuity rate of return
C.	Annual rate
D.	Annuity rate of return
Answer» B. Perpetuity rate of return

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