The finance company providing loans at 12% with 2 compounding periods – McqOptions

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1.	The finance company providing loans at 12% with 2 compounding periods per year, the periodic rate is classified as
A.	3% per quarter
B.	6% per quarter
C.	6% per year
D.	0.1667 % per year
Answer» D. 0.1667 % per year

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