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What is an annual percentage rate?
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Asked 4/3/2014 11:44:50 PM
Updated 4/4/2014 12:52:11 AM
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User: What is an annual percentage rate?

Weegy: Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year.



User: What is a loan?

Question
Asked 4/3/2014 11:44:50 PM
Updated 4/4/2014 12:52:11 AM
2 Answers/Comments
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The annual percentage rate, or APR, is the interest rate charged on the amount borrowed.
Added 4/4/2014 12:50:36 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [4/4/2014 1:02:27 AM]
3
A loan is an agreement in which a lender gives a borrower money expecting to be repaid later.
Added 4/4/2014 12:51:41 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [4/4/2014 1:02:32 AM]
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Questions asked by the same visitor
Which of the following is a short-term financial goal? A. Saving for retirement B. Saving for college C. Buying a birthday gift for a friend D. Buying a house
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Updated 4/2/2014 11:37:55 AM
1 Answer/Comment
Buying a birthday gift for a friend is a short-term financial goal.
Added 4/2/2014 11:37:55 AM
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What is financial risk?
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Updated 4/3/2014 11:17:57 PM
1 Answer/Comment
Financial risk is an umbrella term for multiple types of risk associated with financing, including financial transactions that include company loans in risk of default.
Added 4/3/2014 11:17:57 PM
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What is fraud?
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Updated 4/3/2014 11:40:36 PM
1 Answer/Comment
Fraud is defined as wrongful or criminal deception intended to result in financial or personal gain.
Added 4/3/2014 11:40:36 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [4/3/2014 11:44:31 PM]
What is an annuity?
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Updated 4/3/2014 11:38:40 PM
1 Answer/Comment
An annuity is a fixed sum of money paid to someone each year, typically for the rest of their life.
Added 4/3/2014 11:38:40 PM
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Confirmed by jeifunk [4/3/2014 11:50:34 PM]
What is a 401(k) account?
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Updated 4/3/2014 11:37:18 PM
1 Answer/Comment
A 401(k) plan is the common name in the USA for the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code.
Added 4/3/2014 11:37:18 PM
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