Which of the following statements about compounding and interest rates is least accurate?
A) All else equal, the longer the term of a loan, the lower will be the total interest you pay.
B) Present values and discount rates move in opposite directions.
C) On monthly compounded loans, the effective annual rate (EAR) will exceed the annual percentage rate (APR).
Answer: A) All else equal, the longer the term of a loan, the lower will be the total interest you pay.
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Which of the following normally installs conduit:
A: Plumbers; B: Electricians; C: Roofers; D: Carpenters.
While evaluating options in a consideration set, the marketing manager must determine the set of attributes customers use in making purchase decisions. Which of the following methods is not recommended because of the bias introduced?
A) managerial judgement B) focus groups C) systematic survey research D) UPC code analysis