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Alex
3 years ago
6

What is the nominal annual interest rate

Mathematics
2 answers:
aivan3 [116]3 years ago
6 0

Answer:

the nominal interest rate is the periodic interest rate.

pychu [463]3 years ago
4 0

it  is the periodic interest rate times the number of periods per year.

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Hope this helps !

Have a great day! :)
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