A 12% APR with Bimonthly Compounding Is Equivalent to an EAR

question 25

Multiple Choice

A 12% APR with bimonthly compounding is equivalent to an EAR of ________.

• A) 11.98%
• B) 12.50%
• C) 12.00%
• D) 12.62%

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, elicits a conditioned response.

Red Flowers

Refers to flowering plants that produce blossoms with red pigmentation, often attracting pollinators like birds and bees through their color.

Fear

An emotional response to a perceived threat or danger, often resulting in a desire to flee or fight.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any prior learning.