Question 1152075: When using compound interest rate tables, the annual rate divided by the number of people per year gives you the? Found 2 solutions by MathLover1, ikleyn:Answer by MathLover1(20850) (Show Source):
You can put this solution on YOUR website! answer: interest rate per period
interest rate per period formula= where = nominal interest rate per payment period = number of compounding periods per payment period = number of payments
You can put this solution on YOUR website! .
When using compound interest rate tables, the annual rate divided by the number of people per year gives you the?
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The question in your post, in this part -- "the annual rate divided by the number of people" -- is formulated INCORRECTLY
(in an absurdist way).
The annual rate IS NEVER divided by the number of people.
