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When interest is compounded more than once per year which interest rate should be used when finding the time value of money?

When interest is compounded more than once per year which interest rate should be used when finding the time value of money?
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When interest is compounded more than once per year which interest rate should be used when finding the time value of money?

User Skryvets
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1 Answer

3 votes
A periodic rate would probably be the best answer for this
User MichaelAttard
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