Which One of the Following Has the Highest Effective Annual

question 20

Multiple Choice

Which one of the following has the highest effective annual rate?

• A)6 percent compounded annually
• B)6 percent compounded semiannually
• C)6 percent compounded quarterly
• D)6 percent compounded daily
• E)6 percent compounded every 2 years

---

Definitions:

Intermediate Lifters

Individuals who have surpassed the novice stage in weightlifting and have developed a moderate level of strength and proficiency in lifting techniques.

Mass Lifters

Devices or mechanisms designed to lift or move heavy loads efficiently.

Thesis Statement

A concise summary of the main point or claim of an essay or research paper.

Economic Downturn

A period of decreased economic activity characterized by reduced consumer spending, business closures, and rising unemployment.