What Monthly Rate of Interest Will Yield an Annual Effective

question 66

Multiple Choice

What monthly rate of interest will yield an annual effective rate of interest of 14%?

• A) 1.17%
• B) 1.10%
• C) 1.08%
• D) 1.14%

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Definitions:

Reflective Style

A mode of expression that emphasizes thoughtful consideration and examination of one’s experiences and actions.

Supportive Style

An approach in communication or leadership that emphasizes encouragement, empathy, and listening to meet the needs and concerns of others.

Communication Styles Theory

An examination of how different methods of communication impact relationships and understanding among people.

Learned Behavior

Behavior that individuals acquire through interaction with the environment and through the experience of or observing others in their social contexts.