问题如下:
The stated annual interest rate for a financial product is 6%. What will the value be in three years later if 1 million dollars is invested today, assuming the compounded monthly?
选项:
A.$1,015,100
B.$1,191,000
C.$1,196,680
解释:
C is correct. The value of $1million after three years is: $1000000*(1+6%/12)12*3=$1,196,680.
为什么这道题目的rate是按照月份来计算呢?