Question: Answer to Question Homework: M2: Chapter 5 Homework Save Score: 0 of 1 pt of 18 (1 complete) HW Score: 0%, 0 of 18 pts

Answer to Question

Homework: M2: Chapter 5 Homework Save Score: 0 of 1 pt of 18 (1 complete) HW Score: 0%, 0 of 18 pts X P5-1 (similar to) Question Help Your bank is offering you an account that will pay 12% interest in rate for a period length of: a. Six months b. One year. c. One month. a. Six months The equivalent discount rate for a period length of six months is |% Round to two decimal places Enter your answer in the answer box and then click Check Answer 2 remaining

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