Mortgage companies usually charge interest semi-annually.What would be the effective rate of interest on a mortgage at 8.25 percent compounded semi-annually?
A)8)56 percent
B)8)42 percent
C)8)46 percent
D)8)38 percent

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The Answer of Mortgage companies usually charge interest semi-annually.What would be the effective rate of interest on a mortgage at 8.25 percent compounded semi-annually?
A)8)56 percent
B)8)42 percent
C)8)46 percent
D)8)38 percent

Mortgage Companies Usually Charge Interest Semi-Annually