Which Is Most True of an Annual Rate of 4

question 59

Multiple Choice

Which is most true of an annual rate of 4% compounded quarterly?

• A) It is equivalent to 4.4% paid annually.
• B) It is equivalent to 16.99% paid annually.
• C) It is equivalent to 1% simple interest paid quarterly.
• D) It is equivalent to 4.06% paid annually.

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Definitions:

Actuators

Devices that convert electrical signals into physical movement or action, often used in industrial machinery to move or control mechanisms.

Sensors

Devices that detect and respond to some type of input from the physical environment, such as temperature, light, pressure, etc.

Electric Brake

A device that uses electrical energy to apply mechanical resistance for slowing or stopping motion.

Servo Motor

A specialized motor designed to provide precise control of angular or linear position, velocity, and acceleration.