Multiple Choice
Calculate the effective annual rate, if $100 grew to $165 in 11.5 years with quarterly compounding.
A) 10.94%
B) 4.38%
C) 7.87%
D) 7.22%
E) 4.45%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The average Canadian home was $70,000 in
Q2: A T-bill with 125 days remaining to
Q3: Calculate the missing interest rate (to the
Q5: What is the quarterly compounded nominal rate
Q6: Rose purchased units of the Trimark Fund
Q7: A bank pays a simple interest rate
Q8: If the number of workers in the
Q9: How long will it take a $2,000
Q10: Calculate the term of the loan or
Q11: Can the income yield from an investment