zacharyscott96 zacharyscott96

12-12-2018
Mathematics

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When calculating compound interest, the periodic interest rate is always less than the annual interest rate. True or false

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averys2056178 averys2056178

12-12-2018

Answer: False

Step-by-step explanation: If your Compounding interest, the periodic interest is Sometimes less than the annual interest because the period of interest could be say 2 years

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