Question: Given 12% per year compounded half yearly, what is an equivalent APR compounded biyearly (every two years)? Given 12% per year compounded half yearly, what

Given 12% per year compounded half yearly, what is an equivalent APR compounded biyearly (every two years)?

Given 12% per year compounded half yearly, what is an equivalent APR compounded biyearly (every two years)? a) 6% b) 24.72% c) 13.125% d) 26.25% e) 57.35%

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