Multiple Choice
In the normal formula for interest calculation,the interest rate is on a(n) _____ basis and therefore the time variable must reflect how many _____ out of _____ in the interest period.
A) biannual; months; 6
B) annual; years; 1
C) biannual; half-years; 2
D) annual; months; 12
Correct Answer:
Verified
Correct Answer:
Verified
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