What is the effective annual rate of 9.6% compounded semiannually?

a. 9.71%
b. 9.83%
c. 9.79%
d. 9.68%
e. 9.92%

Ans: b. 9.83%

Business

You might also like to view...

Creolization refers to the mixing of cultural elements that occurs during cultural diffusion

Indicate whether the statement is true or false

Business

A relation that contains minimal redundancy and allows easy use is considered to be:

A) clean. B) simple. C) complex. D) well-structured.

Business