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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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