A 12% APR with Bi-Monthly Compounding Is Equivalent to an EAR

question 101

Multiple Choice

A 12% APR with bi-monthly compounding is equivalent to an EAR of:

• A)11.98%
• B)12.50%
• C)12.00%
• D)12.62%
• E)12.14%

---

Definitions:

Annual Revenues

The total income generated by a business or organization within a fiscal year before any deductions.

Instructional Systems Design (ISD) Model

A systematic approach used in designing and developing effective and efficient instructional materials.

ADDIE Model

A systematic instructional design framework consisting of five phases: Analysis, Design, Development, Implementation, and Evaluation, used to create effective educational programs.

Technology Developments

Advancements or innovations in technology that lead to new devices, systems, or methods, often improving efficiency or effectiveness.