A 3-Year Ordinary Annuity with Weekly Compounding,a Present Value of $2412.96

question 52

Multiple Choice

A 3-year ordinary annuity with weekly compounding,a present value of $2412.96 and making weekly payments of $19.23 is trading at an annual interest rate of:

• A)12% per annum compounded weekly.
• B)15% per annum compounded daily.
• C)14.5% per annum compounded daily.
• D)13% per annum compounded monthly.

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Definitions:

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think and learn like humans.

Electronic Performance

The evaluation and tracking of employees' work performance through digital means.

Intranet Portals

Private, secure websites designed to facilitate information sharing and communication within an organization.

Psychological Contract

An unwritten agreement that encompasses the mutual beliefs, perceptions, and informal obligations between an employer and its employees.