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The periodic rate is _____.

User Jebasuthan
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Answer:The interest rate you are charged for one payment perio

Explanation:

User Roger Willcocks
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Here is the correct answer of the given statement above.
The periodic rate is defined as the interest rate that is charged on a loan or an investment over a specific period of time. The equation for getting the periodic rate is rPER = r simple / m (where m is the number of compounding periods per year). Hope this answer helps.
User Spencer Carnage
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