Periodic rate

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Revision as of 16:15, 12 June 2016 by imported>Doug Williamson (Add links.)
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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.


See also