You Are Offered an Investment That Offers an Effective Annual

question 67

Multiple Choice

You are offered an investment that offers an effective annual rate of 8%.If this investment offers continuous compounding,then the APR for this investment is closest to:

• A)7.70%.
• B)8.00%.
• C)8.25%.
• D)8.33%.

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Definitions:

Parents

are guardians or caretakers of offspring, responsible for their upbringing, care, and well-being.

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and resources of a country.

Under-count

An instance when the actual number of individuals or items is higher than what is officially recorded or reported, often seen in population censuses or surveys.

Cohabiting

Living together and having a sexual relationship without being married.