Tom Vu Deposited $5,000 in a Savings Account That Paid

question 139

Multiple Choice

Tom Vu deposited $5,000 in a savings account that paid 8% interest compounded quarterly. What is the effective rate of interest?

• A) 8.00%
• B) 8.24%
• C) 8.33%
• D) 8.46%

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Definitions:

Direct Hazards

Immediate risks or dangers that pose a threat to health, safety, or well-being in an environment or activity.

Indirect Hazards

Risks that arise not as a direct result of an action but as a consequence of various secondary factors or situations.

Trait Anger

A personality characteristic that reflects the predisposition of individuals to perceive situations as annoying or frustrating and to react with anger.

Intimate Partner Violence

Any form of abuse, physical, sexual, emotional, or psychological, perpetrated by one partner against another in a close relationship.