Question: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded in (a) 2 months, (b) Two semiannual

For an interest rate of 1% per 2 months, determine the number of times interest would be compounded in
(a) 2 months,
(b) Two semiannual periods,
(c) 3 years.

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