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30 September, 16:07

When calculating the effective rate of a loan, which statement or statements must be true if n is greater than 1?

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  1. 30 September, 19:09
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    The length of the loan is greater than a single year.

    Step-by-step explanation:

    When calculating the effective rate of a loan, the statement or statements must be true if n is greater than 1 is the length of the loan is greater than a single year.
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