The lowest effective rate of return you could earn on any of these investments is closest to option A) 6.3830.
A rate of return (RoR) is seen as a term that connote the net gain or loss in regards to an investment over a given time period.
It is one that is often expressed as a percentage of the investment's first cost. 1
Hence
A) EAR (A) = (1 + APR / m)m - 1
= (1 + 0.063830 /1)1 - 1
= 6.3830 % EAR(B)
=(1+APR/m)m-1
=(1+0.062116 /365)365-1
=6.4080% EAR (C)
= (1 + APR / m)m - 1
= (1 + 0.062834 /4)4 - 1
= 6.4330 % EAR(D)
=(1+APR/m)m-1
=(1+0.062744 /12)12-1=6.4580%
Therefore, The lowest effective rate of return you could earn on any of these investments is closest to option A) 6.3830.
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See question below
The lowest effective rate of return you could earn on any of these investments is closest to ________.
Investment
A) 6.3830 % B) 6.4080 % C) 6.4330 % D) 6.4580 %
