Round the Following Decimal to Three Decimal Places $$6,701.4759$$ A) $6,701.475$ B) $7,000$

question 35

Multiple Choice

Round the following decimal to three decimal places. $$6,701.4759$$

• A) \(6,701.475\)
• B) \(7,000\)
• C) \(6,701.48\)
• D) \(6,701.476\)
• E) none of the above

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Definitions:

Compounded Semi-Annually

Interest on a loan or investment calculated twice a year, adding each interest payment to the principal.

Bond Interest

The interest received by a bondholder, typically paid semi-annually, on the bond's face value.

Equity Mutual Fund

A type of mutual fund that invests primarily in stocks, aiming to provide returns through dividends and capital gains.

Annual Returns

The yearly profit or loss generated by an investment, expressed as a percentage of the investment's initial value.