A 12% APR with Bi-Monthly Compounding Is Is Equivalent to an EAR

question 10

Multiple Choice

A 12% APR with bi-monthly compounding is is equivalent to an EAR of:

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

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Definitions:

Parent Class

A class from which other classes inherit properties and methods.

Inheritance

A feature of object-oriented programming where a new class is created from an existing class, inheriting fields and methods of the existing class while allowing new elements to be added or existing ones to be modified.

Derived Class

A class in object-oriented programming that inherits attributes and behaviors from another class known as the base class.

Inheritance

A feature of object-oriented programming that allows a new class to extend an existing class, inheriting its attributes and behaviors.