What Is the Effective Annual Rate If the APR Is

question 87

Multiple Choice

What is the effective annual rate if the APR is 5.25 percent,compounded semiannually?

• A)5.278%
• B)5.299%
• C)5.306%
• D)5.313%
• E)5.319%

---

Definitions:

Communal Values

The shared beliefs, principles, and standards of behavior that are held by a community or social group.

Major Significance

A term indicating something with great importance, influence, or value in a particular context or overall.

Affair

An emotional or sexual relationship with someone other than one's spouse or partner.

Extramarital Sex

Sexual activity engaged in by a married person with someone other than their spouse.