Suppose the periodic rate for 6 months is 4%. Is the equivalent periodic rate for three months (pick one):
(i) equal to ?
(ii) less than 2%?
(iii) greater than 2%?
Answer the question without doing any calculations. Explain your choice.

Question

Suppose the periodic rate for 6 months is 4%. Is the equivalent periodic rate for three months (pick one):
(i) equal to  ?
(ii) less than 2%?
(iii) greater than 2%?
Answer the question without doing any calculations. Explain your choice.

Quizplus · Accepted Answer

The Answer of Suppose the periodic rate for 6 months is 4%. Is the equivalent periodic rate for three months (pick one):
(i) equal to  ?
(ii) less than 2%?
(iii) greater than 2%?
Answer the question without doing any calculations. Explain your choice.

Suppose the Periodic Rate for 6 Months Is 4