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To determine the interest paid each compounding period, we take the advertised annual percentage rate and simply divide it by the ________ to get the

To determine the interest paid each compounding period, we take the advertised annual percentage rate and simply divide it by the ________ to get the appropriate periodic interest rate.

		number of compounding periods for the length of an investment
		number of discounting periods for the length of an investment
		number of compounding periods per month
		number of compounding periods per year

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