Under what circumstances are the effective annual interest rate and the period interest rate equal? if
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Question:
Under what circumstances are the effective annual interest rate and the period interest rate equal?
- if the number of compounding periods per year is infinite
- Never true
- If the number of compounding periods per year is 1
- Always true
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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