Question
The interest rate charged per period multiplied by the number of periods per year is called the effective annual rate. compound interest rate. periodic interest
The interest rate charged per period multiplied by the number of periods per year is called the
effective annual rate.
compound interest rate.
periodic interest rate.
annual percentage rate.
daily interest rate.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
