An Investment Has the Following Interest Rates: J₄ = 8

question 118

Multiple Choice

An investment has the following interest rates: j₄ = 8% for the first 2 years,followed by j₂ = 8% for the next 4 years,,followed by j₁₂ = 6% for the last 28 months.What is the equivalent nominal rate of interest,compounded 3 times a year,j₃,earned over this time period?

• A)5.56%
• B)7.43%
• C)9.99%
• D)11.31%

---

Definitions:

External Environment

All outside factors and forces that can affect an organization's performance, including economic, social, political, and technological elements.

Stakeholders

Individuals or groups that have an interest or stake in the outcomes of a business or project.

Management Information Systems

Systems that collect, organize, and distribute data for use in decision-making.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people.