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

Question

Quizplus · Accepted Answer

The Answer of 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

In the Normal Formula for Interest Calculation,the Interest Rate Is