The more compounding periods, the ______ the effective rate of interest. Select one: a. lower b. higher

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The more compounding periods, the ______ the effective rate of interest.
Select one:
a. lower
b. higher
c. no effect on
d. better

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Feb 09, 2022 03:50 AM

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The more compounding periods, the ______ the effective rate of interest. Select one: a. lower b. higher

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b higher The periodic interest rate of an investment or a lo... View the full answer

Accounting concepts and applications

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