What is $n$ for a semiannual compounding period?
A) $6$
B) $365 i$
C) $\frac { 2 } { N }$
D) $2$
E) $365 \mathrm {~N}$

Name: What is $n$ for a semiannual compounding period? A) $6$ B) $365 i$ C) $\frac { 2 } { N }$ D) $2$ E) $365 \mathrm {~N}$
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Question

Quizplus · Accepted Answer

Semiannual compounding means interest is being calculated twice a year. Therefore, there are two compounding periods in a year, making n equal to 2. Option D is the correct answer.

What Is nnn For a Semiannual Compounding Period? A) 666 B) 365i365 i365i

What Is $n$ For a Semiannual Compounding Period?
A) $6$ B) $365 i$