As part of a promotion, your bank is offering investors a savings account that will pay 14% interest in total for a two-year deposit. Determine the equivalent interest rate for a period length of: a. Six months. b. One year. c. One month. a. Six months. The equivalent interest rate for a period length of six months is \%. (Round to two decimal places.) b. One year. The equivalent interest rate for a period length of one year is \%. (Round to two decimal places.) c. One month. The equivalent interest rate for a period length of one month is %. (Round to two decimal places.)