What Would Be the Effective Rate of Interest If $100,000

question 47

Multiple Choice

What would be the effective rate of interest if $100,000 was accumulated by investments of $3,500 made at the end of every three months for five years?

• A) 15.20%
• B) 14.40%
• C) 8.65%
• D) 13.12%
• E) 34.61%

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Definitions:

Approach-Avoidance Conflict

A psychological conflict that occurs when a goal is both attractive and unattractive at the same time.

Approach-Approach Conflict

A psychological conflict that occurs when an individual must choose between two desirable goals or outcomes.

Worker Motivation

The set of internal and external factors that stimulate workers to take actions that lead to achieving a goal.

Varied Tasks

Tasks that differ in nature, complexity, or requirements, used to stimulate different cognitive processes or to prevent monotony in experimental or work settings.