What Is the APY for a One-Year $4,000 Certificate of Deposit

question 108

Multiple Choice

What is the APY for a one-year $4,000 certificate of deposit with $280 interest?

• A) 5.8%
• B) 9%
• C) 8%
• D) 11.2%
• E) 7%

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Definitions:

Primacy Effect

A psychological principle that items or information presented first are remembered better than those appearing later.

Career Apparel

Clothing specifically designed and worn for work, often reflecting the professional image or standards of a particular occupation.

Primacy Effect

The tendency to remember information from the beginning of a list or sequence better than information that comes later.

Mental Framework

The underlying set of beliefs and assumptions that shape an individual's perception and understanding of the world.