Question
How many compounding periods are in a 5 year loan compounded semiannually?
(a) 10 (b) 5 (c) 2.5 (d) 15 (e) 20
(a) 10 (b) 5 (c) 2.5 (d) 15 (e) 20
Answers
Kelsey
semiannual means twice a year. so 2*5=10