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An investment pays 6% interest, compounded quarterly. What is the Effective Annual Rate of return? 6.14% +/- 0.05% 1.5% +/- 0.05% 5.87% +/- 0.05% 6.00%

An investment pays 6% interest, compounded quarterly. What is the Effective Annual Rate of return?

6.14% +/- 0.05%

1.5% +/- 0.05%

5.87% +/- 0.05%

6.00% +/- 0.05%

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