Periodic rate: Difference between revisions
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Latest revision as of 06:49, 2 July 2022
1.
Periodic rate of interest.
2.
Any amount, usually expressed in percentage or decimal terms, applied as a proportionate amount per period and in relation to an actual or notional principal value.
For example, a periodic rate of discount.
Periodic rates are useful for calculating the money amounts of interest or of discount.
