Multiple Choice
You are considering two investments.Investment A has an APR of 10% compounded quarterly.Investment B has an APR of r% compounded semiannually.Both investments have the same future value in one year.Solve for r.
A) 19.875%
B) 10%
C) 10.38%
D) 10.125%
Correct Answer:
Verified
Correct Answer:
Verified
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