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Rate per period

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Q: When using compound rate tables the annual rate divided by the number of periods per year gives you what?
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Related questions

Is average and annual the same?

Average is the sum of all parts, divided by the number of parts. Annual means yearly.


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The compound interest formula is FV = P(1+i)^n where FV = Future Value P = Principal i = interest rate per compounding period n = number of compounding periods. Here you will need to calculate i by dividing the nominal annual interest rate by the number of compounding periods per year (that is, i = 4%/12). Also, if the money is invested for 8 years and compounds each month, there will be 8*12 compounding periods. Just plug the numbers into the formula. You can do it!


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A number divided by 2 its reminder is 1 A number divided by 3 its reminder is 2 A number divided by 4 its reminder is 3 A number divided by 5 its reminder is 4 A number divided by 6 its reminder you?

A number divided by 2 its reminder is 1, A number divided by 3 its reminder is 2, A number divided by 4 its reminder is 3, A number divided by 5 its reminder is 4, A number divided by 6 its reminder is 5, A number divided by 7 its reminder is 6, A number divided by 8 its reminder is 7, A number divided by 9 its reminder is 8, A number divided by 10 its reminder is 9 what is that number?


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