What factors determine the amount of interest earned on a fixedprincipal? (such as a? lump-sum deposit intoan?
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Question:
What factors determine the amount of interest earned on a fixedprincipal? (such as a? lump-sum deposit intoan? account)?
Select all that apply.
A.
Interest rate
B.
Number of compounding periods
C.
Frequency of periodic payments
D.
None of the above
Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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