To Determine the Interest Paid Each Compounding Period,we Take the Advertised

question 8

Multiple Choice

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.

• A)number of compounding periods for the length of an investment
• B)number of discounting periods for the length of an investment
• C)number of compounding periods per year
• D)number of compounding periods per month

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Definitions:

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