Multiple Choice
If interest is paid quarterly, then at an annual nominal rate of 6% an investment of one dollar will by the end of the first year have become (figures have been rounded to four decimal places) :
A) $1.0672.
B) $1.0600.
C) $1.0622.
D) $1.0614.
Correct Answer:
Verified
Correct Answer:
Verified
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