Mathematics for FinanceMTP Jun 24Question 1409 of 479
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The effective annual rate of interest corresponding to nominal rate 6%\displaystyle 6\% p.a. payable quarterly is:

Options

A6.14%\displaystyle 6.14\%
B6.07%\displaystyle 6.07\%
C6.08%\displaystyle 6.08\%
D6.09%\displaystyle 6.09\%
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Correct Answer

Option a6.14%\displaystyle 6.14\%

All Options:

  • A6.14%\displaystyle 6.14\%
  • B6.07%\displaystyle 6.07\%
  • C6.08%\displaystyle 6.08\%
  • D6.09%\displaystyle 6.09\%

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