Multiple Choice
An investment has a nominal interest rate of 12% annually,but interest on the investment is compounded semiannually.Therefore,the annual percentage yield on the investment is:
A) 12%.
B) 12.68%.
C) 13.89%.
D) 12.36%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: The present value of $1,000 to be
Q52: What will the dollar amount be if
Q63: All else constant,the future value of an
Q66: The future value of $200 deposited today
Q67: How much money do I need to
Q69: Which of the following provides the lowest
Q70: As the compound interest rate increases, the
Q71: The discount rate for the time value
Q72: Which of the following statements is FALSE?<br>A)The
Q85: How many periods would it take for