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What is the nominal annual interest rate

What is the nominal annual interest rate
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1 vote
What is the nominal annual interest rate

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User Open Food Broker
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2 Answers

6 votes

it is the periodic interest rate times the number of periods per year.

answered
User GrahamJRoy
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8.8k points
6 votes

Answer:

the nominal interest rate is the periodic interest rate.

answered
User Chettyharish
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