Question

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​

Answer 1

Option B is correct.

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.