Match the Following Terms with Their Definitions

Multiple Choice

Match the following terms with their definitions.
-Effective rate (APY)

A) Year times number of times compounded in one year
B) Twice a year
C) Stated rate
D) True rate of interest
E) Amount calculated on adjusted principal
F) Periodically interest is calculated and added to principal
G) Rate divided by number of times compounded per year
H) Know future amount looking for present
I) Four times per year
J) Twelve times per year