The Interest Rate Charged Per Period Multiplied by the Number

question 15

Multiple Choice

The interest rate charged per period multiplied by the number of periods per year is called the _____ rate.

• A)effective annual
• B)stated interest
• C)periodic interest
• D)compound interest
• E)daily interest

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Definitions:

Retention

The ability to keep or hold something, such as retaining employees within a company.

Psychologically Healthy

Pertaining to a state of mental well-being where an individual realizes their own abilities, can cope with normal stresses, work productively, and contribute to their community.

Workplace

A location or environment where people are employed and perform tasks or duties for a business or organization.

Psychological Capacities

The potential an individual has to perform mental activities, which can include thinking, reasoning, and understanding.