The rate charged by bank 12.5% on credit loans and 3% semiannually on – McqOptions

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1.	The 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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