Find the Total Number of Compounding Periods and the Interest

question 89

Short Answer

Find the total number of compounding periods and the interest rate per period: $$\begin{array} { l l l l l } \text { Term of } & \text { Nominal } & \text { Interest } & \text { Compounding } & \text { Rate per } \\\text { Investment } & \text { Rate } & \text { Compounded } & \text { Periods } & \text { Period } \\3 \text { years } & 18 \% & \text { monthly } &------ &----- \\\end{array}$$

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Definitions:

Employee Referral

A recruitment method where current employees recommend potential candidates for open positions within the company, sometimes rewarded with incentives.

Internet Job Site

A platform on the World Wide Web dedicated to employment searching and recruitment, where employers post job vacancies and job seekers submit resumes.

Company Objective

A specific, measurable goal that a business endeavors to achieve to advance its mission and improve success.

Employee Training

A planned effort to teach employees more about their job so as to improve their performance and motivation.