The lowest effective rate of return you could earn on any of these investments is closest to:
A)6.245%
B)6.267%
C)6.100%
D)6.300%
E)6.250%

Name: The lowest effective rate of return you could earn on any of these investments is closest to: A)6.245% B)6.267% C)6.100% D)6.300% E)6.250%
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Question

Quizplus · Accepted Answer

The lowest effective rate of return is 6.245%. This is the rate of return that you would earn if you invested $1,000 in the investment and received $1,062.45 at the end of the year.

The Lowest Effective Rate of Return You Could Earn on Any