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$50,000 is invested in such a way as to repay the investor an interest payment of $1,000 at the end of each quarter for ten

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$50,000 is invested in such a way as to repay the investor an interest payment of $1,000 at the end of each quarter for ten years. At the end of the 10 -year period the $50,000 is returned in a lump sum. As soon as an interest payment is received, it is deposited in a savings account bearing interest at a 6% nominal annual rate compounded quarterly. It is desired to find the nominal annual rate of return, compounded semiannually, on the $50,000 investment over the 10 -year period. Which of the following correctly expresses this rate of return? Possible Answers 2.085/10 2.085/20 2.0851/101 2.0851/201 2[2.0851/201]

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