To Determine an Unstated Interest Rate, Divide the Future Amount

question 83

True/False

To determine an unstated interest rate, divide the future amount by the present value then divide by the number of periods.

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Definitions:

Union

The set containing all elements from two or more given sets, without duplication.

Absolute Value

A mathematical function that measures the distance of a number from zero on the number line, disregarding direction; it's always non-negative.

No Solution

A condition where an equation or system of equations has no possible values that satisfy it.

Absolute Value

The distance of a number from zero on the number line, without considering direction; represented by |x| for a number x.