Shylock Bank offers a savings account with a nominal rate of 7% and daily compounding. What is the effective rate of the account? (Assume a 365 day year.)

A) 7.25%
B) 7.00%
C) 7.50%
D) 7.10%
E) 7.05%

A

Business

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An annuity is a stream of equal cash payments made at equal time intervals

Indicate whether the statement is true or false

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During the establishment stage of a salesperson's career, the salesperson will:

A. Adjust his or her self-image B. Have the lowest instrumentality perceptions and valences for both higher-order and lower-order needs C. Produce superior results on the job in order to be promoted D. Need close and supportive supervision E. Reassess career with possible redirection

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