Respuesta :
E-Money rates. An internet company, e-Money, is offering a money market account with an APR. of 5%. The effective annual interest rate offered by e-Money if the compounding interval is annual.
Annual Percentage Rate, or APR, describes the annual interest rate charged for borrowing or received through investing.
The annual percentage rate (APR) is presented as a percentage and shows the yearly cost of funds over the life of the investment or spending.
The Annual Percentage Rate (APR) is the annual cost of borrowing money, including fees, represented as a percentage.
The APR is a more comprehensive estimate of the cost of borrowing money since it includes not only the interest rate but also the fees that a person must pay to obtain the loan. The higher the APR, the more we must pay throughout the life of the loan.
Hence, the answer is annual.
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