What is the effective annual interest rate

Reference no: EM131961070

Question: You are considering an investment option where you invest $100 per month in a mutual fund for the next 20-years that pays an annual interest rate of 10% compounded quarterly.

A) What is the nominal interest rate?

B) What is the period interest rate?

C) What is the effective annual interest rate?

D) What is the APR?

E) Find the value of the investment immediately after making your last payment in 20-years.

Reference no: EM131961070

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