Which of the Following Accounts Has the Highest EAR

question 41

Multiple Choice

Which of the following accounts has the highest EAR?

• A)one that pays 6.1% every six months
• B)one that pays 1.0% per month
• C)one that pays 12.6% per year
• D)one that pays 3% every three months

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Definitions:

Oldest Layer

Pertains to the earliest or first-formed layer of sediment or rock in a sequence, indicating the earliest period of deposition.

Numbered Units

Quantitative values assigned to items or units in order to denote quantity, order, or position.

Youngest

This term relates to the latest or most recently developed strata or earth materials in geological studies.

Ocean Basins

large depressions on the Earth’s surface that are filled with ocean water.