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OpenStudy (anonymous):
When calculating a loan’s effective rate, if the interest compounds every two months, what value of n do you plug into your equation? a. 2 b. 0.167 c. 6 d. 60
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OpenStudy (campbell_st):
well if its bimonthly for a year there are 6 lots of 2 month blocks in a year
OpenStudy (anonymous):
so it would be 6 ?
OpenStudy (anonymous):
@campbell_st
OpenStudy (campbell_st):
that would be my guess...
OpenStudy (anonymous):
i have more questions can you help me @campbell_st
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OpenStudy (campbell_st):
just post them in the normal way... people will help if they can
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