The Effective Annual Rate Increases When the Number of Compounding

question 35

Multiple Choice

The effective annual rate increases when the number of compounding periods in a year and the [blank] increases.

• A)periodic rate
• B)number of years invested
• C)quoted rate
• D)future value interest factor

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Social Factor

An element of society such as demographics, culture, or trends that influences individuals and businesses.

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The decision processes and actions of people involved in buying and using products.