1.) What is the rate annually that will produce the same amount of interest per year is called? 2.) Its the total amount to be paid or received after a given period of time? 3.) What do you call the number of conversion that take place in a year 4.) What do you call the time interval between succeeding interest calculations?
1.) What is the rate annually that will produce the same amount of interest per year is called? 2.) Its the total amount to be paid or received after a given period of time? 3.) What do you call the number of conversion that take place in a year 4.) What do you call the time interval between succeeding interest calculations?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 31P
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1.) What is the rate annually that will produce the same amount of interest per year is called?
2.) Its the total amount to be paid or received after a given period of time?
3.) What do you call the number of conversion that take place in a year
4.) What do you call the time interval between succeeding interest calculations?
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