You Notice a Local Consumer fiNance Company Is Offering 20

question 165

Multiple Choice

You notice a local consumer finance company is offering 20% APR loans, but compounds interest continuously. What is the EAR?

• A) 12.21%
• B) 22.14%
• C) 23.61%
• D) 24.97%
• E) 25.83%

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Definitions:

Work Design

The process of defining roles, tasks, and systems to optimize employee performance and well-being.

HRM Audit

A formal review of the outcomes of HRM functions, based on identifying key HRM functions and measures of business performance.

HRM Functions

Key activities within human resource management, such as staffing, training and development, compensation, and employee relations.

Occupational Intimacy

The closeness and personal connection that can develop between co-workers or within teams, based on shared professional experiences and support.