A bank offers an account with an APR of 5.8% and an EAR of 5.88%. How does the bank compound interest for this account?
A) weekly compounding
B) monthly compounding
C) semiannual compounding
D) annual compounding
Answer: C
You might also like to view...
The overall effect of laddering activities is to:
A) Streamline the linkage and sequencing between activities and keep project resources fully employed. B) Summarize some subsets of the activities identified in the overall project network. C) Allow the project team to disaggregate the overall project network into logical summaries. D) Allow the project manager to more fully deploy resources and complete the project with zero slack.
Which of the following would the government of Zucoland most likely experience as a benefit of joining the trading bloc?
A) increased national sovereignty B) increased military security C) trade diversion D) higher-wage employment