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    Principles of Managerial Finance
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    Exam 5: Time Value of Money
  5. Question
    The Annual Percentage Rate (APR) Is the Nominal Rate of Interest
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The Annual Percentage Rate (APR) Is the Nominal Rate of Interest

Question 13

Question 13

True/False

The annual percentage rate (APR) is the nominal rate of interest, found by multiplying the periodic rate by the number of periods in one year.

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