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Decide Whether the Statement Makes Sense

question 183

Essay

Decide whether the statement makes sense. Explain your reasoning.
-If two accounts offer the same APR, the account which compounds interest daily will be a
better deal than the account which compounds interest weekly.

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Definitions:

Reasonable Amount

an amount or quantity that is considered fair, appropriate, or moderate under the circumstances.

Counteroffer

A response to an offer in a negotiation, where the original offer is rejected and a new offer is presented.

Original Offer

The initial proposal or bid made in a negotiation or business agreement.

Reasonable Means

Methods or procedures that are practical and sensible, often used to achieve a certain outcome with minimal resources.

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