Question 6
1 pts
$20,000 for 14 years compounded at 10% semiannually
results in how many periods?
0 20
28
40
o none of the above

Option B is correct.

Step-by-step explanation:

We are given that $20,000 for 14 years compounded at 10% semiannually.

We need to find how many periods are there?

Semiannually means twice a year

Which means that the amount is compounded twice in one year.

So, for 14 years: 14*2 = 28

So, 28 periods is the correct answer.

Option B is correct.

0.85 or 85%

step-by-step explanation:

1) divide 23 by 27

2) round the decimal to the nearest 10

3) so your answer would be 0.85 or 85%