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How many periods and what is the interest rate per period if you were tyring to calculate the present value of a $10,000, 6%, 5-year
How many periods and what is the interest rate per period if you were tyring to calculate the present value of a $10,000, 6%, 5-year note payable that pays interest quarterly?
A. | 20 periods, 1.5% interest per period | |
B. | 5 periods, 1.5% interest per period | |
C. | 20 periods, 6% interest per period | |
D. | 5 periods, 6% interest per period |
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