If you invest $50000 to earn 8% interest, which of the following compounding approaches would return the lowest amount after one year?

a. Daily.
b. Monthly.
c. Quarterly.
d. Annually.

Answer: d. Annually.

Business

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To be successful in today's markets, businesses must:

A. provide the greatest variety of products to consumers. B. spend more money on marketing and less on production. C. focus their resources on achieving the goal of zero defects. D. delight customers with a quality product at a good price and outstanding service.

Business

On a credit card, a finance charge is applied to

A) any purchase. B) any balance not previously paid. C) current purchases. D) future purchases.

Business