What is the effective annual rate of interest on the bonds?
A)3%.
B)4%.
C)6%.
D)8%.($345,639 / $8,640,967) 2 = 8%

Name: What is the effective annual rate of interest on the bonds? A)3%. B)4%. C)6%. D)8%.($345,639 / $8,640,967) 2 = 8%
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Quizplus · Accepted Answer

The effective annual rate of interest on the bonds is 8%. This means that if you invest in the bonds, you will earn 8% on your investment each year. Therefore, D is the best choice as it offers the highest return on investment.

What Is the Effective Annual Rate of Interest on the Bonds