Which One of the Following Has the Highest Effective Annual

question 20

Multiple Choice

Which one of the following has the highest effective annual rate?

• A)6 percent compounded annually
• B)6 percent compounded semiannually
• C)6 percent compounded quarterly
• D)6 percent compounded daily
• E)6 percent compounded every 2 years

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Definitions:

Unconscious Conflicts

Deep-seated tensions and struggles within an individual that they are not fully aware of but influence behaviors and emotions.

Irrational Thinking

Thought processes characterized by illogical or unreasonable conclusions, often leading to negative emotions or behaviors.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses and anxiety through gradual exposure to the feared object or situation, combined with relaxation exercises.

Flooding Therapy

A form of behavior therapy used to treat phobias and anxiety disorders by exposing the patient to their fear at full intensity.