# By calculating the maturity value of $100 invested for one year at each rate, determine which rate

## Question:

a. 12.0% compounded monthly

b. 12.1% compounded quarterly

c. 12.2% compounded semiannually

d. 12.3% compounded annually

Maturity

Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...

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