Decide whether the statement makes sense. Explain your reasoning.The two accounts were offering the same APR, and both accounts had the same annual percentage yield, but one account compounded interest continuously while the other compounded interest daily.
What will be an ideal response?
No, the statement does not make sense. If both accounts are paying the same APR, the account which compounds interest continuously will have a higher annual percentage yield than the account which compounds daily.
You might also like to view...
Complete the identity.sin (tan-1 v) = ?
A. 
B. 
C. 
D. v
Assume you have a balance of $3200 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. Assume you make no additional charges to the card.The credit card APR is 21% and you want to pay off the balance in 2 years.
A. $197.60; $4277.35 B. $247.51; $5940.18 C. $164.43; $3946.42 D. $140.80; $3051.17
Which of Bronfenbrenner's bioecological levels provides the connections between the various aspects of a person's life?
A. exosystem B. mesosystem C. microsystem D. macrosystem
Find a general term, (ak), that fits the displayed terms of the given sequence.1, 5, 9, 13, 17
A. 
B. 
C. 
D. 