TopicName Test - Jacaranda
8 An interest rate of 4.5% p.a. compounding quarterly is equivalent to what effective interest rate? 5 Marilyn can invest in two different funds: 6% p.a. simple interest. 5.75% p.a. compound interest with monthly rests. She is inclined to choose the 6% p.a. simple interest because this is a higher value. Is this a wise choice? Explain your answer. ................
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