The number of periods on $5,000 at 12% compounded semiannually for 10 years is 10 periods.

Name: The number of periods on $5,000 at 12% compounded semiannually for 10 years is 10 periods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The number of periods is calculated by multiplying the number of years by the number of compounding periods per year. For semiannual compounding over 10 years, the number of periods is 10 years * 2 periods/year = 20 periods.

The Number of Periods on $5,000 at 12% Compounded Semiannually