Finance company providing loans at 12% with 2 compounding periods per year, periodic rate is classified as

Finance company providing loans at 12% with 2 compounding periods per year, periodic rate is classified as
  • A. 3% per quarter
  • B. 6% per quarter
  • C. 6% per year
  • D. 0.1667 % per year
  • Correct Answer: Option C
  • Views : 417

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