Decide whether the statement makes sense. Explain your reasoning.Steve is planning to open a savings account either at Quarterly Bank or at Daily Bank. Quarterly Bank is offering an APR of 6% compounded quarterly, which is clearly the better deal since Daily Bank is offering an APR of 6% but with daily compounding.
What will be an ideal response?
No, the statement does not make sense. The yield will be higher at Daily Bank since the interest is compounded more frequently - more frequent compounding means a higher yield.
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Parker Posie wants to determine how much she must deposit today at 14% interest to provide four withdrawals of $26,000 at the end of each year, beginning five years from now. This is an example of the present value of
A. an ordinary annuity. B. an annuity due. C. a compound annuity due. D. a deferred ordinary annuity.
Use the Half-angle Formulas to find the exact value of the trigonometric function. tan 165°
A. -2 - 
B. 2 - 
C. 2 + 
D. -2 + 
Complete the identity.
= ?
A. cos2 ? B. sin ? - 1 C. sin ? D. sin ? + 1
Barry reads a flyer on the campus bulletin board recruiting students for a long-term study. Participation includes completing tests that measure temperament, attitude, and adaptability, as well as being available for follow-up for the next 6 months. The researcher who is developing this study is most likely interested in what type of development?
A. personality B. social C. cognitive D. physical