The periodic rate is _____.

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asked Jan 21, 2017 222k views

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Spencer Carnage · Answer 1 · 2017-01-27T19:38:31+0000

Here is the correct answer of the given statement above.
The periodic rate is defined as the interest rate that is charged on a loan or an investment over a specific period of time. The equation for getting the periodic rate is rPER = r simple / m (where m is the number of compounding periods per year). Hope this answer helps.

The periodic rate is _____.

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