For an interest rate of 12% per year, compounded quarterly, the effective interest per six months is how much? For an interest rate of 12% per year,compounded quarterly, the effective interestper six months is how much? A6.14 %6.09 %6.00 %6.25 %

APR = 12% Number of compounding per year (m) = 4

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For an interest rate of 12% per year, compounded quarterly, the effective interest per six months is how much? B

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Chapter4: Time Value Of Money

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