Question: If an 8% interest rate is compounded twice a year for 10 years, then the future value would be calculated using an interest rate of:

If an 8% interest rate is compounded twice a year for 10 years, then the future value would be calculated using an interest rate of: Multiple Choice 4%, compounded over 10 interest periods. 8%, compounded over 10 interest periods. 4%, compounded over 20 interest periods. 16%, compounded over 20 interest periods. None of these

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