Calculate the Effective Annual Rate for 10% P

question 23

Multiple Choice

Calculate the effective annual rate for 10% p.a. compounded quarterly.

• A) 0.1038%
• B) 1.038%
• C) 10.38%
• D) 10%
• E) 2.5%

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Definitions:

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A condition in which a person is significantly below the average height for their age and gender.