1 due to compounding interest the actual interest rate you, Ask an Expert

Finance

1. Due to compounding interest, the actual interest rate you pay is always higher than the annual percentage rate. True or False

2. The adjusted balance calculates interest based on the previous month’s balance after any payments have been deducted. True or False

3. The depository institutions Deregulatory Act of1980 has resulted in an increased number of financial products available for individuals managing their cash. True or False

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Financial Management, Finance

Category:- Financial Management
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