Multiple Choice
A bank pays 6% interest per year, compounded quarterly. How much will $100 grow to after two years?
A) $112.36
B) $112.55
C) $112.65
D) $112.75
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Another name for the effective annual rate
Q42: Jones bought stock for $5000, sold it
Q43: A data series has a variance of
Q44: Tom purchased 100 shares of EDS at
Q45: The public's changing values associated with nutrition
Q46: Jones bought stock for $5000, sold it
Q47: It is especially important to annualize returns
Q48: A bank pays 6% interest per year,
Q49: The price of a bond equals the
Q51: There is a(n) _ relationship between risk