If an Investment Provides a 3% Return Semi-Annually, Its Effective

question 64

Multiple Choice

If an investment provides a 3% return semi-annually, its effective annual rate is

• A) 3%.
• B) 6%.
• C) 6.06%.
• D) 6.09%.

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Definitions:

Vascular Tissues

Specialized tissues in plants involved in the transport of water and nutrients.

Fernlike Trees

Trees with a growth pattern or leaf design resembling ferns, often used to describe certain ancient tree species that existed prehistorically.

Mega Fossils

Large fossils that are easily visible without the aid of magnification, typically including bones, shells, and teeth, which can provide significant insights into the life forms that existed in the past.

Diploid

A cell or organism that has two sets of chromosomes, one set inherited from each parent.