What is the interest rate charged per period multiplied by the number of periods per year called? effective annual annual percentage periodic interest compound interest daily interest?

Question

luciusmonseratt10591 luciusmonseratt10591

24-01-2019
Business

contestada

What is the interest rate charged per period multiplied by the number of periods per year called? effective annual annual percentage periodic interest compound interest daily interest?

Respuesta :

Otras preguntas

what does della buy jim

Find the values of x in this equation:

Help I will give 30 points help me

Marconi Co. has the following information available for the current year: Net Sales $ 762,000 Bad Debt Expense 48,000 Accounts Receivable, Beginning of Year 132

Is 89 the multiplicative reciprocal of -1 18 ? Why or why not?

Both Sam and Suzanna, age 11, are having trouble making friends. A counselor assesses each of them for social interactive skills and discovers that Sam has poor

What is a rule that describes the translation

Which body action is unlikely to occur during a fever? a. Shivering b. Decrease in heart rate O C. Flushed cheeks d. Sweating e. Increase in respiration

How does the work of scientists Marie Curie and Albert Einstein remain important today?

Suppose the mean income of firms in the industry for a year is 95 million dollars with a standard deviation of 5 million dollars. If incomes for the industry ar

MrsTriplet MrsTriplet · Answer 1 · 2019-02-04T01:54:50+01:00

The annual percentage rate is the interest rate charged per period multiplied by the number of periods. The annual percentage rate is also known as the APR and is what credit cards promote their interest rates by. For example, if a credit card states their APR is 20%, that is the percentage over the year to find the actual monthly interest rate you would need to divide that by 12 periods/months.