(7.9) The interest rate expressed in terms of the interest payment made each period is called interest rate or a__ _ interest rate. When interest rate is compounded more than once a year, the actual interest rate is than the quoted interest rate. The actual interest rate is called the . The aforementioned interest rate can be computed as follows: {[1 + ( _] -1}, where m is the number of times per year interest is compounded. When interest is compounded m times per year, the future value equals (equation) - 11 sobre