If the Rate of an Investment Is 6% Compounded Daily $\text { i? }$

Multiple Choice

If the rate of an investment is 6% compounded daily, then what is the value of $\text { i? }$

A) $0.001667$
B) $0.001667 \%$
C) $0.016667$
D) $0.000167$
E) $0.000167 \%$