The gross profit amount in a sales-type lease is greater when a guaranteed residual value exists.

Shylock Bank offers a savings account with an effective interest rate of 9% and quarterly compounding. What is the nominal rate (APR) on the account?

A) 8.71% B) 8.00% C) 7.55% D) 6.00% E) 7.70%

What would the browser display if it executed the following script?

a) Nothing, the script would generate an error. b) 1 c) 5 d) 10