APRs must be converted to the appropriate periodic rates when compounding is ________.A.more frequent than once a yearB.less fr

Question

AlladinOne [14]

3 years ago

11

APRs must be converted to the appropriate periodic rates when compounding is ________.A.more frequent than once a yearB.less fr

equent than once every six monthsC.less frequent than once a yearD.more frequent than once a month

Social Studies

1 answer:

Vladimir [108] · Answer 1 · 2022-04-05T03:09:42+03:00

Answer:

A. more frequent than once a year

Explanation:

appropriate periodic rate must be converted to the appropriate periodic rates when compounding is more frequent than once a year that is a greater number of compounding periods allows interest to be earned on or added to interest a greater number of times.

APRs must be converted to the appropriate periodic rates when compounding is​ ________.A.more frequent than once a yearB.less fr

APRs must be converted to the appropriate periodic rates when compounding is ________.A.more frequent than once a yearB.less fr