If an Investor Has the Choice Between Rates of 5

question 107

Short Answer

If an investor has the choice between rates of 5.5% compounded semi-annually and 5.6% compounded annually for a six-year GIC, which rate should be chosen?

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Definitions:

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof, forming the basis of faiths or customs.

Likert Scales

A psychometric scale commonly used in questionnaires to measure attitudes, typically consisting of a series of statements that respondents may agree or disagree with.

Strongly Agree

An expression used to indicate complete alignment or concurrence with a statement or viewpoint.