10 For an interest rate of 2% per month, the effective semiannual interest rate is: (2 Points) 12.31% 2.02% None of the answers 12.62% 11 The future worth is always located in the period as the last uniform series amount when using F/A factor. (2 Points) Prior 9 If you make quarterly deposits for 3 years into an account that compounds interest at 1% per month, the value of n in the FIA factor that will determine F at the end of the 3-year period is: (2 Points) 3 36 12 72