What is the interest rate per period and the frequency of compounding per year in each of the following a 18 compounded semiannually b 16 compounded quarterly c 15 compounded monthly ...

What is the interest rate per period and the frequency of compounding per year in each of

Question:

What is the interest rate per period and the frequency of per year in each of the following?
a. 18% compounded semiannually
b. 16% compounded quarterly
c. 15% compounded monthly

Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...