Question: How does the compounding option affect the interest rate used in time value of money calculations? Select one: a . The compounding option is only
How does the compounding option affect the interest rate used in time value of money calculations?
Select one:
a The compounding option is only an issue if compounding is on an annual basis.
b The compounding option never affects the annual interest rate used.
c The annual interest rate is divided by the number of compounding periods per year.
d The annual interest rate is multiplied by the number of compounding perigds per year.
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