Consider the following investment alternatives:

Investment Rate Compounding
A 6.858% Annual
B 6.6571% Daily
C 6.7359% Quarterly
D 6.722% Monthly

The lowest effective rate of return you could earn on any of these investments is closest to:

Lowest effective interest rate

A 6.858%

B 6.883%

C 6.908%

D 6.933%

Explanation:

Effective rate is the rate of interest that actually earned or paid on any investment or on a loan. It also measure the compounding effect on the investment.

r = (1 + i/n)^n - 1

A

6.858% Annual

r = 6.858%

B

6.6571% Daily

Assuming 365 days

r = (1 + 6.6571%/365)^365 - 1 = 6.883%

C

6.7359% Quarterly

r = (1 + 6.7359%/4)^4 - 1 = 6.908%

D

6.722% Monthly

r = (1 + 6.722%/12)^12 - 1 = 6.933%

i think the answer is a. science center.

answermarginal cost;