whenever the conversion period is not specified,it is taken as _________ year
(a)1
(b)1/2
(c)1/4
(d)none of these
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Answer:
answer will be that 1 will be taken
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Step-by-step explanation:
In other words, the period at the end of which the interest is compounded is called the conversion period. ... Likewise, the conversion period is three months when the interest is calculated and added quarterly. NOTE: If no conversion period is specified, the conversion period is taken to be one year.
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