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%

---

Definitions:

Stockbrokers

Professionals who buy and sell stocks and other securities for clients in exchange for a fee or commission.

Hours Per Day

A measurement unit indicating the amount of time allocated or spent on activities within a 24-hour period.

Homework

Assignments given to students by their educators to be done outside of classroom sessions.

Standard Deviation

An indicator of the range of variability or spread within a data set, demonstrating the extent to which the values differ from the average.