You Have an APR of 7

question 29

Multiple Choice

You have an APR of 7.5% with continuous compounding.The EAR is _____.

• A) 7.50%
• B) 7.65%
• C) 7.79 %
• D) 8.25%

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Definitions:

Linked With Freedom

Suggestively associated with the concept or state of being free, possibly pertaining to movements, ideologies, or historical events advocating for liberty.

Revolution

A fundamental and relatively quick change in political power or organizational structures that takes place when the population revolts against existing authorities.

Revolutionary War

A conflict from 1775 to 1783 in which the Thirteen American Colonies won independence from Great Britain, becoming the United States of America.

Philadelphia's Artisan

Refers to skilled craft workers who produce handcrafted goods or engage in trades in Philadelphia, a city with a rich history of craftsmanship.