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:

Sealed Bag

A bag designed to be completely closed, ensuring that its contents are kept secure and uncontaminated.

Paper Towels

Absorbent disposable towels made from paper, used for drying hands, wiping surfaces, or cleaning up spills.

Fixative

A chemical substance used in microscopy and histology to preserve tissues or cells by stabilizing their structure.

Dissecting Tray

A flat, usually metal or plastic, tray used to hold specimens for dissection.