Which of the following rates should you look at to compare the actual rate of return on
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Question:
Which of the following rates should you look at to compare the actual rate of return on alternative investments?
A. periodic rate
B. nominal annual percentage rate
C. annual percentage yield (the effective rate)
What is the future value of $1,000 that will earn 3% annually for 5 years?
A. $1,050
B. $1,452
C. $1,159
D. $1,386
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