Remaining Time: 1 hour, 58 minutes, 02 seconds.\

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Question Completion Status:\ If the interest rate is

6%

per year compounded quarterly, the interest rate per quarter is closest to:"\

9.00%\ 3.00%\ 1.50%\ 2.00%

\ QUESTION 12\ "You borrow

$1,200

at an interest rate of

10%

per year compounded semiannually. The future value

F

after 5 years is closest to:"\

$2,005.58

\

$1,930.56

\

$1,954.67

\

$1,890.26

\ QUESTION 13\ If the annual nominal interest rate is

18%

per year compounded quarterly, the effective interest rate per year is:\ A.

20.35%

\ B.

19.85%

\ C.

19.25%

\ D.

19.55%

\ Click Save and Submit to save and submit. Click Save All Answers to save all answers.

If the interest rate is 6% per year compounded quarterly, the interest rate per quarter is closest to:" 9.00% 3.00% 1.50% 2.00% QUESTION 12 "You borrow $1,200 at an interest rate of 10% per year compounded semiannually. The future value F after 5 years is closest to:" " $2,005.58 " " $1,930.56 " " $1,954.67 " " $1,890.26 " QUESTION 13 If the annual nominal interest rate is 18% per year compounded quarterly, the effective interest rate per year is: A. 20.35% B. 19.85% C. 19.25% p. 19.55% Click Save and Submit to save and submit. Click Save All Answers to save all answers