Examveda
Examveda

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

Answer: Option C

Solution(By Examveda Team)

Finance company providing loans at 12% with 2 compounding periods per year, periodic rate is classified as 6% per year.

This Question Belongs to Commerce >> Financial Management

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