Math

Find the total number of compounding periods and interest rate per period.

Terms investment: 6years, nomial rate: 18%, interest compounding :monthly, compounding period________, rate per period %_______

* i need to figure out the compounding period & rate per period%

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  1. 18% compounded 12 times per year give
    1.5% per month.

    So, 6 years = 72 months.

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    posted by Steve

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