Question: The shortest time unit over which interest is charged or earned or computed refers to: Select one: a . compounding period b . payment period

The shortest time unit over which interest is charged or earned or computed refers to:
Select one:
a. compounding period
b. payment period
c. nominal interest rate
d. compounding frequency
The shortest time unit over which interest is charged or earned

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

You are interested in investing in a building costing 10,000,000. You can either finance the purchase of the building using either: > Mortgage A and a 40% loan-to-value ratio; or > Mortgage B and a...

Q:

Question 1 Sullivan Software sells packages of a software program and one year's worth of technical support for $500. Its packaging lists the $500 sales price as comprised of a software program at a...

Q:

Question 1 Sullivan Software sells packages of a software program and one year's worth of technical support for $500. Its packaging lists the $500 sales price as comprised of a software program at a...

Q:

Need to complete 10 homework but now i need 5 homework then after some time 5 homework more. Here it is attachment. Chapter 5 HW Questions [ALL OF THESE MUST BE DONE IN EXCEL] 1. Future value: Chuck...

Q:

Oh brightspace.carleton.ca G + 68 RPytho... Blab5 -... C Oh Bri... My C... Social... 41 KIL... Beco... pa_eb... D Scree... Scree... D Scree... D Scree... D Untitled Q v 2 of 3 Automatic Zoom >>...

Q:

I need the answers to all of the questions in this study guide as soon as possible. I've gotten most of them, but am running out of time. ACCT 301: Financial Accounting - 2011 MBA, CPA (NY) Final...

Q:

Need help figuring out problem #40, #42, and #45 in the attached document. I have the answers for the problems, but need to see how they are worked out. FIN 142 - Real Estate Finance Problem Set 2 1....

Q:

Which of the following is the best definition of a business cost? Select one: a. Any payment of money by the business or its owners b. Any payment of money by the business c. The use of resources by...

Q:

Which of the following is the best definition of a business cost? Select one: a. Any payment of money by the business or its owners b. Any payment of money by the business c. The use of resources by...

Q:

helpppppp The main factors for best management are: time, cost and quality. The economic aspect in the engineering projects deals with: Select one: a. Cost and quality b. Time and cost...

Q:

Question 41Reporting comprehensive income according to International Financial Reporting Standards can be accomplished by each of the following methods except: In the statement of shareholders'...

Q:

Should advertisers hire bloggers to post positive product experiences? Should they require bloggers to indicate whether or not they have been paid to post their review?

Q:

Write out the general equation for the price of the stock for a firm that will grow dividends very rapidly at a constant rate for the four years after the next dividend is paid and will grow...

Q:

The raw beta ( beta ) is based on the historical data of a company, but what information does the adjusted beta provide about a company s stock? Group of answer choices An estimation of a stock's...

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...