Explain the difference between nominal rate of interest and periodic rate of interest.

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Explain the difference between“ nominal rate of interest” and “periodic rate of interest.”

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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Explain the difference between nominal rate of interest and periodic rate of interest.

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The periodicrate of interest is the percent interest earned in a ...View the full answer

Business Mathematics In Canada

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