We Are Given a Periodic Interest Rate, Say a Monthly

question 53

True/False

we are given a periodic interest rate, say a monthly rate, we can find the nominal annual rate by multiplying the periodic rate by the number of periods per year.

---

Definitions:

Blind Spot

An area in the visual field that lacks detection due to the absence of photoreceptor cells in the optic disc of the retina.

Brain

The organ in the head of an organism that controls its actions, thoughts, feelings, and interactions with the environment.

Fovea

A small depression in the retina of the eye where visual acuity is highest, due to the concentration of cones.

Rods

are photoreceptor cells in the retina of the eye that are responsible for vision at low light levels.