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Read the discussion question posted below, then post a comment of at least 200 words. How are...

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Finance

Read the discussion question posted below, then post a commentof at least 200 words.

How are the simple rate, the periodic rate, and the effectiveannual rate related? Can you think of a situation where all threeof these rates will be the same?

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3.9 Ratings (613 Votes)
Generally Loans are issued stating an Interest rate Stated Interest rate would be same in all the three cases but difference comes in method of calculated Interest rate In Simple interest the stated rated rate is directly    See Answer
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Read the discussion question posted below, then post a commentof at least 200 words.How are the simple rate, the periodic rate, and the effectiveannual rate related? Can you think of a situation where all threeof these rates will be the same?

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