Find the Effective Rate of Interest $6 \frac { 1 } { 4 } \%$

question 46

Multiple Choice

Find the effective rate of interest.
- $6 \frac { 1 } { 4 } \%$ % compounded monthly

• A) 6.43%
• B) 6.25%
• C) 6.39%
• D) 6.29%

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Definitions:

Alternate Form Reliability

A measure of reliability used to assess the consistency of test scores between different versions of the same test.

Test-retest Reliability

Test-retest reliability is a measure of consistency where the same test is administered to the same group of people at different times to assess the reliability over time.

Construct Validity

The extent to which a test or instrument accurately measures the theoretical, non-observable constructs it is designed to assess.

Predictive Validity

The degree to which a measurement or test score forecasts future results on a connected outcome.