The true cost of borrowing is the
A) annual percentage rate.
B) effective annual rate.
C) quoted interest rate.
D) periodic rate.
Answer: B
The true cost of borrowing is the
A) annual percentage rate.
B) effective annual rate.
C) quoted interest rate.
D) periodic rate.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.