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an interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the ....... rate. a. Periodic interest
b. Stated interest
c. Daily interest
d. Compound interest
e. Effective annual

Respuesta :

An interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the  Effective annual interest rate.

Hence, Option E is correct.

What do you mean by Interest rate?
An interest rate can be defined as the  amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed.

  • It helps to understand how high the cost of borrowing is, or high the rewards are for saving.
  • How do we benefit from interest rates?
  • If there is a rise in Interest rate which  that means individuals will see a higher return on their savings.
  • An effective annual interest rate can be defined as the real return on a savings account or any interest-paying investment.

To know more about Interest rate from the given link

https://brainly.com/question/1314830

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