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Question 8 (3 points) If Regional Bank is offering a savings account with a 12% APR, with semiannual compounding, then the periodic rate is 6%

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Question 8 (3 points) If Regional Bank is offering a savings account with a 12% APR, with semiannual compounding, then the periodic rate is 6% and the effective annual rate is greater than 12% the periodic rate is 6% and the effective annual rate is 12% the periodic rate and the effective annual rate are 12% O the periodic rate is 6% and the effective annual rate is lower than 12%

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