An Investment Provides a 2% Return Semi-Annually,its Effective Annual Rate

question 11

Multiple Choice

An investment provides a 2% return semi-annually,its effective annual rate is

• A)2%.
• B)4%.
• C)4.02%.
• D)4.04%.
• E)none of the above.

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Definitions:

Fundamental Rights

Basic and inalienable rights entitled to all individuals, often protected under the constitution of a country.

Rule Utilitarianism

A subset of utilitarianism which holds that general rules that on balance produce the greatest amount of pleasure for all involved should be established and followed in each situation.

Ethical Theory

A systematic exposition of principles or standards of moral conduct that guide individuals in deciding right from wrong behaviors.

Absolutism

A political doctrine and practice where a single ruler or government holds absolute power, without legal, electoral, or social checks and balances.