Question

Find the total number of compounding periods and interest rate per period.

Terms investment: 6years, nomial rate: 18%, interest compounding :monthly, compounding period________, rate per period %_______

* i need to figure out the compounding period & rate per period%

Answer 1

18% compounded 12 times per year give
1.5% per month.

So, 6 years = 72 months.