What is the effective annual interest rate of an investment that pays 6% annual interest, compounded daily, assuming a 365-day year? Round your answer to two decimal places.
a. 6.18%
b. 6.14%
c. 6.00%
d. 6.09%
a. 6.18%
Mathematics
You might also like to view...
Graph the solution set of the system of inequalities.y ? 2x - 2x + y ? 3
A. 
B. 
C. 
D. 
Mathematics
Which of the following expresses the correct unit rate in miles per hour? ?
A.
?
B.
?
C.
?
D.
?
E.
?
Mathematics
Evaluate the integral.
A. 196? B. 147? C. 98? D. 294?
Mathematics
Solve the problem.If PN = PN-1 + 2 and P0 = 3, then P100 =
A. 103. B. 102. C. 203. D. 202. E. none of these
Mathematics