The time period after which the interest is added each time to form a new principal is called the conversion period.

True

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False

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Solution

The correct option is A True

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Question 29

The time period after which the interest is added each time to form a new principal, is called the ___.

Question 29

The time period after which the interest is added each time to form a new principal, is called the ___.

The period after which the principal changes is called __ period.

Find conversion periods for 63 months, if the interest on the principal is compounded quarterly.

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