What is the interest factors if the proncipal is p, time periods in year is n,and the intersst is i?
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The periodic rate is the interest rate charged over a certain number of time periods. The periodic rate equals the annual interest rate divided by the number of periods. For example, the interest on a home loan is usually calculated monthly, so if the annual interest rate is 4 percent, then you divide that by 12 and get 0.33 percent. That’s your interest every month.
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is option A: ni
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