Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make monthly payments, which amounts to monthly compounding. What is the effective annual rate?
A. 15.27%
B. 16.08%
C. 16.88%
D. 17.72%
E. 18.61%
Answer: B
Business
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Which of the following is considered a market access factor that influences a market's attractiveness?
A) market size B) growth rate C) buyer power D) channel access E) price rivalry
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All of the following are designed to control exposures from subversive threats except
a. firewalls b. one-time passwords c. field interrogation d. data encryption
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Gaining employee support for a work measurement program is not especially critical to its success
Indicate whether the statement is true or false.
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