A Bank Account Has a Rate of 12% APR with Quarterly

question 88

Multiple Choice

A bank account has a rate of 12% APR with quarterly compounding.What is the EAR for the account?

• A) 3.00%
• B) 12.00%
• C) 12.36%
• D) 12.55%

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Definitions:

Genocide

The intentional and organized annihilation of a group based on their nationality, race, political beliefs, or culture.

Contact Hypothesis

The proposal that prejudiced attitudes can decline with intergroup contact.

Inter-group Contact

This refers to situations where members of different social, ethnic, or cultural groups come into direct or indirect interaction with one another, often aimed at reducing prejudice and increasing understanding.

Prejudice

Prejudice involves preconceived negative opinions or attitudes toward people based on their membership in particular groups, often leading to discrimination and social tension.