aliviafrancois2000
01.11.2020 •
Business
Can anyone help me with this?
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Ответ:
HI there I think that I can help you!!!
6.14%
Explanation: Here is how I did it :)
The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:
The effective rate of return that you will earn from this investment is 6.14%.
*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.