Which of the following bank accounts has the lowest effective annual return?
A. An account that pays 8% nominal interest with monthly compounding.
B. An account that pays 8% nominal interest with annual compounding.
C. An account that pays 7% nominal interest with daily (365-day) compounding.
D. An account that pays 7% nominal interest with monthly compounding.
E. An account that pays 8% nominal interest with daily (365-day) compounding.
Answer: D
You might also like to view...
Answer the following statements true (T) or false (F)
1. The words you use to express your self-perceptions reveal what you think you are like. 2. When self-esteem is connected to performance, it can be self-defeating. 3. According to social comparison theory, the self we present is in large part based on the way others categorize us, the roles they expect us to play, and the behaviors or traits they expect us to exhibit. 4. Expression management occurs when you exercise control over your behavior in an effort to elicit the desired reaction. 5. Showing lack of regard for our own self-appraisals is known as rejecting them.
The quantity of workers available in a country and their wage levels constitute a nation's knowledge resource factors
Indicate whether the statement is true or false
What is application software?
A. Controls how the various technology tools work together along with the application software. B. Used for specific information processing needs, including payroll, customer relationship management, project management, training, and many others. C. Provides additional functionality to the operating system. D. Controls the application software and manages how the hardware devices work together.
A major revision task involves assessing the clarity of your message to ensure that it is easily understood. Describe three techniques that can add clarity to your writing