Calculate the Equivalent Periodic Interest Rate Per Payment Interval for the Following

question 226

Multiple Choice

Calculate the equivalent periodic interest rate per payment interval for the following annuity: Semi-annual payments earning 6% compounded monthly.

• A) 5.00000%
• B) 0.83161%
• C) 3.03775%
• D) 2.97233%
• E) 3.08771%

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Definitions:

Desegregation

The process of ending the separation or segregation of groups based on race, sex, religion, etc., especially in terms of legal and social practices.

Sex Ratio

The number of males per 100 females.

Males

Refers to the gender category in biological and societal contexts characterized by specific physiological, genetic, and often behavioral differences from females.

Females

Individuals of the sex that typically possesses the ability to bear offspring or produce eggs.