A Bank Offers an Account with an APR of 5

question 47

Multiple Choice

A bank offers an account with an APR of 5.8% and an EAR of 5.88%. How does the bank compound interest for this account?

• A) weekly compounding
• B) monthly compounding
• C) semiannual compounding
• D) annual compounding

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Civil Rights Act of 1964

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