   Chapter 11, Problem 13CR ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# When using the compound interest table or the present value table, the factor is found at the intersection of the rate-per-_______ column and the number-of-_______ row. (11-2, 11-6)

To determine

To fill: The blank space in the statement, “When using the compound interest table or the present value table, the factor is found at the intersection of the rate-per-____ column and the number-of-____ row.”

Explanation

According to the final step for using the compound interest table or present value table, the intersection of the rate-per-period column and the number-of-periods row is the table factor...

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