题目
单项选择题
If the nominal per annum interest rate is 6%, then the interest rate per quarter is:
选项
A.a. 1.5%
B.b. 24%
C.c. 6%
D.d. 3%
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标准答案
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思路分析
To assess the quarterly interest rate from a nominal annual rate, we divide the annual rate by the number of quarters in a year.
Option a. 1.5%: This matches 6% per year divided......Login to view full explanation登录即可查看完整答案
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What effective interest rate per quarter is equivalent to 8% p.a. compounding semi-annually?
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