An interest rate that has been annualized using compound interest is termed as:

CS Executive · Financial and Strategic Management · PYQS · December 2019
An interest rate that has been annualized using compound interest is termed as:
(A) Annual interest rate.
(B) Discounted interest rate.
(C) Effective annual interest rate.
(D) Simple interest rate.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Management

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