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If a Person Scores a 78 on a Test on One

question 12

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If a person scores a 78 on a test on one day and scores a 79 when retested on another day,you would most likely conclude that the test is ________.

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Definitions:

Compounded Monthly

The process of calculating interest on an initial principal, which also includes all of the accumulated interest from previous periods on a loan or investment, with the compounding occurring on a monthly basis.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a given time period.

Compounded Quarterly

An investment or loan interest calculation method where interest is added to the principal four times a year.

Effective Annual Rate

The interest rate on an investment or loan that is annualized, taking compounding into account.

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