Author Question: The number of periods for a consumer loan (n) is equal to the ________. A) number of years times ... (Read 82 times)

BrownTown3 · **on:** Jul 10, 2018

The number of periods for a consumer loan (n) is equal to the ________.

A) number of years times compounding periods per year
B) number of years
C) number of years in a period
D) number of compounding periods

Question 2

How long does it take for your money to double when invested at the rate of 3 (with annual compounding)?

A) Depends on how much money you start with.
B) 26 years
C) 23 years
D) 25 years
E) 24 years