The more compounding periods per year, the lower the effectiverate of return. T or F
The stated interest rate is the real or true rate of return onan investment T or F
Compound interest yields considerably higher interest thansimple interest. T or F
Interest is the rental fee charged by a lender to a business orindividual for the use of money. T or F
Exact interest method uses 365 days as the time factordenominator in the simple interest formula T or F
The total payback of principal and interest is known as compoundamount of a loan. T or F
