If an Investment of $5000 will grow to $8000 in four years with quarterly compounding the effective annual interest rate will be closest to: D 13.4% 11.2% D 13%

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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If an Investment of $5000 will grow to $8000 in four years with quarterly compounding the effective annual interest rate will be closest to:
O 13.4%
O 11.2%
13%
O 12.47%
12.99%
Transcribed Image Text:Only 5 min left, please do fast , If an Investment of $5000 will grow to $8000 in four years with quarterly compounding the effective annual interest rate will be closest to: O 13.4% O 11.2% 13% O 12.47% 12.99%
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