Multiple Choice
An investment paying 4% compounded quarterly will have a value at the end of one year equal to
A) an investment paying 16% compounded annually at the end of 1 year.
B) an investment paying 2% compounded semi-annually at the end of 1 year.
C) an investment paying 4% compounded annually at the end of 4 years.
D) an investment paying 1% compounded annually at the end of 4 years.
Correct Answer:
Verified
Correct Answer:
Verified
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