Question $3$

$1$ pts

Calculate the equivalent periodic interest rate per payment interval for the following annuity: Semiannual payments earning $6\%$ compounded monthly.

$3\mathrm{.}08771\%$

$0\mathrm{.}83161\%$

$2\mathrm{.}97233\%$

$5\mathrm{.}00000\%$

$3\mathrm{.}03775\%$