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If the annual rate is 2.5% and there are 12 periods per year , what is the rate per period?

If the annual rate is 2.5% and there are 12 periods per year , what is the rate per period?
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If the annual rate is 2.5% and there are 12 periods per year , what is the rate per period?

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User Klee
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1 Answer

4 votes
.025/12= .00283....
Rate per period is .0283...% ~ .028%
answered
User Brae
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