Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the oxford dictionary defines the word nominal as

The Oxford Dictionary defines the word nominal as a value that is “stated or expressed...

90.2K

Verified Solution

Question

Basic Math

The Oxford Dictionary defines the word nominal as a value that is “stated or expressed but not necessarily corresponding exactly to the real value.” Develop a reasonable argument for why the term nominal rate is used to describe the annual percentage rate of an investment account that compounds interest.

Answer & Explanation Solved by verified expert
3.9 Ratings (604 Votes)
Consider thatOxford Dictionarydefines the word nominal as a value that is stated or expressed but not necessarily corresponding exactly to    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Hypothetical Situation:Before rats came to Barnard, MacKenzie, Mollison, and Rowan Islands, therewas a high population...

Chemistry
1.2K views

Study dehydration synthesis and hydrolysis. Why are these reactions called dehydration synthesis if dehydration means to remove...

Advance Math
1.2K views

Jason has found gold in his backyard! His backyard is a right isosceles triangle with each...

Finance
1.2K views

Suppose Shin borrowed $70,000 on a student loan at a rate of 10% and must repay...

Physics
1.2K views

The Gardener water the plants by a pipe of diameter 1 mm The water comes...

Basic Math
1.2K views

x = sin ? cos ? and y = sin ? + cos ? are...

Algebra
1.2K views

Find the slope and y intercept of the line Graph the line x 7 Select...

Accounting
1.2K views

nformation for two alternative projects involving machinery investments follows. Project 1 requires an initial investment...

Accounting
1.2K views

Company sells merchandise on account to Bluebird Company in the amount of $2,800. The sales...

Accounting
1.2K views

Julia's total Liability for 2022 is

Accounting
1.2K views

Show ALL work please! 15. DEF Corp has net income of $1,000,000. No preferred...

Finance
1.2K views

The following tabulations are actual sales of units for six months and a starting forecast...