Mrs. Washington went to the store to purchase white boards for her students. The boards she chose cost $7.98 each. Her school has authorized up to $225, therefore, Mrs. Washington can purchase 29 boards

Which one of the following statements is correct

a. the APR is equal to the EAR for a loan that charges interest monthly b. the EAR is always greater than the APR c. the APR on a monthly loan is equal to (1+ monthly interest rate)^12 - 1 d. the APR is the best measure of the actual rate you are paying on the loan e. the EAR, rather than the APR, should be used to compare both investment and loan options

Major provisions of the Sarbanes-Oxley Act of 2002 include all of the following except:

A) Prohibition of personal loans. B) Protection of employee pension plans. C) CEO and CFO certification. D) Criminal sanctions for tampering with evidence. E) Reimbursement of bonuses and incentive pay.