If the APR Is 12% and Interest Is Compounded Monthly

question 126

Multiple Choice

If the APR is 12% and interest is compounded monthly, then the EAR is:

• A)12.00%
• B)1.00%
• C)12.68%%
• D)none of the above

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Definitions:

Subtle Prejudices

Implicit biases or forms of discrimination that are not overt or openly expressed.

Internal Attributions

The process of assigning the cause of behavior to some internal characteristic, rather than to outside forces.

Prejudice

A preconceived opinion or bias against an individual or group based on characteristics such as race, gender, or religion.

Friendly Competition

A competition where the participants are motivated by enjoyment and improvement rather than winning, often emphasizing goodwill and sportsmanship.