If interest is paid quarterly, then at an annual nominal rate of 6% an investment of one dollar will by the end of the first year have become (figures have been rounded to four decimal places):
A) $1.0672.
B) $1.0600.
C) $1.0622.
D) $1.0614.

Question

Quizplus · Accepted Answer

The Answer of If interest is paid quarterly, then at an annual nominal rate of 6% an investment of one dollar will by the end of the first year have become (figures have been rounded to four decimal places):
A) $1.0672.
B) $1.0600.
C) $1.0622.
D) $1.0614.

If Interest Is Paid Quarterly, Then at an Annual Nominal