Write the Word or Phrase That Best Completes Each Statement

question 26

Essay

Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Steve is planning to open a savings account either at Quarterly Bank or at Daily Bank.
Quarterly Bank is offering an APR of 5.5% compounded quarterly, which is clearly the
better deal since Daily Bank is offering an APR of 5.5% but with daily compounding.

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Definitions:

Intermediate-Composition

Refers to igneous rocks with a silica content between mafic and felsic rocks, often associated with volcanic activity.

Silicate Chains

Structures formed by linking silicon and oxygen atoms in a chain, foundational to many silicate minerals.

Felsic Composition

Rocks characterized by a high content of light-colored minerals such as quartz, feldspar, and mica, generally associated with continental crust.

Viscous

A physical property indicating a fluid's resistance to flow; highly viscous substances move slowly.