Question
When investing or lending money, one must be knowledgeable about the way that the interest will be calculated. There are various ways it can be
When investing or lending money, one must be knowledgeable about the way that the interest will be calculated. There are various ways it can be done. The stated interest rate is also known as the nominal rate. It is the rate before any compounding. It is also the rate that appears on a bond debenture. Any other examples of where you will see a stated interest rate?
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
