Compounding periods theoretically:
A)cannot be greater than six months.
B)cannot be less than a year.
C)cannot be less than a quarter.
D)can be less than a day.

Name: Compounding periods theoretically: A)cannot be greater than six months. B)cannot be less than a year. C)cannot be less than a quarter. D)can be less than a day.
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Question

Quizplus · Accepted Answer

Compounding periods can be theoretical and thus can be less than a day, as long as the interest rate is adjusted accordingly.

Compounding Periods Theoretically