For most loan and investment calculations,you need to enter the annual interest rate ____ the number of times the interest is compounded during the year.
A) added to
B) subtracted from
C) multiplied by
D) divided by

Question

Quizplus · Accepted Answer

For most loan and investment calculations, the annual interest rate is divided by the number of times the interest is compounded during the year to find the periodic interest rate.

For Most Loan and Investment Calculations,you Need to Enter the Annual