If My Bank Manager Offers Me an Overdraft at 9

question 4

Multiple Choice

If my bank manager offers me an overdraft at 9% per annum charged quarterly,the effective rate of interest is:

• A)9.00%
• B)9.31%
• C)9.38%
• D)9.27%.

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Definitions:

Project Organization

A structure designed to facilitate the coordination and implementation of project activities, ensuring that project goals are met efficiently.

PERT/CPM

Project management tools used to schedule, organize, and coordinate tasks within a project, where PERT stands for Program Evaluation and Review Technique and CPM stands for Critical Path Method.

Code Of Ethics

A set of guidelines designed to help professionals conduct their business ethically, reflecting the organization's values and standards.

Project Management Institute

An international professional organization for project management professionals that establishes standards, provides certifications, conducts research, and offers educational opportunities.