If it is written, “interest is compounded semi-annually”. It means.
A. In 2 years there is one conversion period
B. The conversion period is 2 per year
C. Every year interest is halved
D. None of the above
Answer:B
If it is written, “interest is compounded semi-annually”. It means.
A. In 2 years there is one conversion period B. The conversion period is 2 per year C. Every year interest is halved D. None of the above