Solve the problem. Round to the nearest hundredth of a percent.Bank A offers five-year CDs at 5% compounded monthly. Bank B offers five-year CDs at 5.25% compounded annually. Compute the annual percentage yield for each CD and determine which offers the better deal.
A. 5.4%; 5.3%; Bank A
B. 5.12%; 5.25%; Bank B
C. 5.3%; 5.25%; Bank A
D. 5%; 5.3%; Bank B
Answer: B
You might also like to view...
Write the answer to the problem as an algebraic expression.Susan has 10 cats. She gave s to her lonely aunt. How many does she have left?
A. (s + 10) cats B. (10 + s) cats C. (s - 10) cats D. (10 - s) cats
According to Lambert's law of absorption, the percentage of incident light L, absorbed in passing through a thin layer of material x, is proportional to the thickness of the material. If 
in. of a certain material reduces the light to half of its intensity, how much additional material is needed to reduce the intensity to one-fourth of its initial value?
What will be an ideal response?
Find the center (h, k) and radius r of the circle with the given equation. x2 + (y - 1)2 = 36
A. (h, k) = (0, 1); r = 36 B. (h, k) = (1, 0); r = 36 C. (h, k) = (1, 0); r = 6 D. (h, k) = (0, 1); r = 6
Use the coordinates of the indicated points to find the slope of the line.
A. - 
B. 3
C. 
D. -3