Annualised return of 1% per month is approximately:
A12%
B12.68%CORRECT
C14%
D10%
CFAQuantitative Methods
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Compounded: (1.01)^12 − 1 ≈ 12.68%.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Quantitative Methods questions
CFA Quantitative Methods has thousands more questions like this — with Worked answers on every one.