Calculate the effective annual rate if $100 grew to $165 in 11.5 years with quarterly compounding.
A) 10.94%
B) 4.38%
C) 7.87%
D) 7.22%
E) 4.45%

Name: Calculate the effective annual rate if $100 grew to $165 in 11.5 years with quarterly compounding. A) 10.94% B) 4.38% C) 7.87% D) 7.22% E) 4.45%
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The Answer of Calculate the effective annual rate if $100 grew to $165 in 11.5 years with quarterly compounding.
A) 10.94%
B) 4.38%
C) 7.87%
D) 7.22%
E) 4.45%

Calculate the Effective Annual Rate If $100 Grew to $165