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.
both
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.
both
both
Simple interest is calculated based on a specified time frame. It is determined using the formula: Interest = Principal × Rate × Time, where the time is typically expressed in years. This type of interest remains constant over the time period, as it is not compounded.
certificate of deposit
certificate of deposit
Compound
An alloy bike frame is made from a mixture of metals, while an aluminum bike frame is made solely from aluminum. Aluminum is a type of metal, so an aluminum bike frame is a specific type of alloy bike frame.
Compound
comopound
It is the time frame. Such as full-time, part-time, temporary, ect.