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The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.

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Kyleigh Kling

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2y ago

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This type of interest is figured on a specific time frame?

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Which type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?

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