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What is the purpose of the periodic interest rate? (2 points) a for borrowers to compare the rates between different loans b for lenders to compare the interest rates between different investments c to
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What is the purpose of the periodic interest rate? (2 points)

a for borrowers to compare the rates between different loans
b for lenders to compare the interest rates between different investments
c to determine the amount of interest charged during a specific time frame
d to determine the minimum payment of a credit card​

User Techvineet
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Answer:

The Answer is to determine the amount of interest charged during a specific time frame

Explanation:

User Astreltsov
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