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Interest rates are given as annual rates. If semiannual (twice a year) compounding is being used, then you would make the following adjustments: (Points :
| Interest rates are given as annual rates. If semiannual (twice a year) compounding is being used, then you would make the following adjustments: (Points : 1) |
Double the rate and halve the number of years.
Halve the rate and halve the number of years.
Halve the rate and double the number of years
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
