# Fight Finance

#### CoursesTagsRandomAllRecentScores

 Scores keithphw $6,011.61 Jade$1,815.80 Chu $789.98 royal ne...$750.00 Leehy $713.33 Visitor$650.00 ZOE HY $640.00 JennyLI$625.61 Visitor $590.00 Visitor$555.33 Visitor $550.00 Visitor$550.00 Visitor $540.00 Visitor$500.00 Yizhou $489.18 Visitor$480.00 Visitor $470.00 Visitor$464.70 LWH $460.00 Visitor$460.00

A bank quotes an interest rate of 6% pa with quarterly compounding. Note that another way of stating this rate is that it is an annual percentage rate (APR) compounding discretely every 3 months.

Which of the following statements about this rate is NOT correct? All percentages are given to 6 decimal places. The equivalent: