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Match the following terms with their definitions1. Periodically interest is calculated and added to ...

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Match the following terms with their definitions1. Periodically interest is calculated and added to ...

Match the following terms with their definitions

1. Periodically interest is calculated and added to principal	Quarterly
2. True rate of interest	Nominal rate
3. Stated rate	Rate
4. Year times number of times compounded in one year	Semiannually
5. Know future amount looking for present	Compound
6. Annual Rate ÷ number of times compounded per year	Monthly
7. Amount calculated on adjusted principal	Interest
8. Twice a year	Periods
9. Four times per year	Effective rate (APY)
10. Twelve times per year	Present value

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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