Calculate the Nominal Annual Rate of Interest Compounded Quarterly That

question 71

Multiple Choice

Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 15% p.a. compounded semi-annually.

• A) 7.5%
• B) 3.682%
• C) 14.73%
• D) 7.7%
• E) 4.61%

---

Definitions:

Chronic Obstructive Pulmonary Disease

A progressive lung disease that makes it hard to breathe due to obstruction of the airways.

Digestive

Related to the process by which the body breaks down food into absorbable nutrients.

Progressive Disseminated Histoplasmosis

A severe form of histoplasmosis infection that spreads throughout the body, affecting multiple organs and systems.

Histoplasmosis

A fungal infection resulting from inhalation of spores, primarily found in bird and bat droppings.