Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.4 Compound Interest - Concept and Vocabulary Check - Page 520: 4

Answer

6, semiannually

Work Step by Step

If compound interest is paid twice per year, the compounding period is 6 months, and the interest is compounded semiannually.
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