The compounding frequency for an interest rate defines
A. The frequency with which interest is paid
B. A unit of measurement for the interest rate
C. The relationship between the annual interest rate and the monthly interest rate
D. None of the above
B
The compounding frequency is a unit of measurement. The frequency with which interest is paid may be different from the compounding frequency used for quoting the rate.
Business
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The future value of a single sum is determined by multiplying the future value factor by its present value.
a. true b. false
Business
A study showed that disagreement among members of cross-functional groups led to positive outcomes for the group when the dissenters felt they had the freedom to express doubt. C
Indicate whether the statement is true or false.
Business