BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interest compounded semiannually is compounded four times a year.
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True
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False
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Explanation:
Detailed explanation-1: -Interest compounded semiannually is compounded four times a year. Maxine deposited $1, 000 into an account that pays 4.5% interest, compounded daily. At the end of six months, she has earned $12 in interest. The Federal Deposit Insurance Corporation insures bank accounts up to a particular amount.
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