The Lowest Effective Rate of Return You Could Earn on Any

question 95

Multiple Choice

The lowest effective rate of return you could earn on any of these investments is closest to:

• A)6.250%
• B)6.100%
• C)6.267%
• D)6.300%

---

Definitions:

Decimal Place

The position of a number to the right of the decimal point, indicating its fractional part, used to measure precision.

Aloud

To say something in a voice that can be clearly heard; not silently or in a whisper.

Exponent

A mathematical notation indicating the number of times a number is multiplied by itself.

Square

A geometric figure with four equal sides and four right angles, or the mathematical operation of multiplying a number by itself.