You Have an EAR of 9

question 52

Multiple Choice

You have an EAR of 9%. The equivalent APR with continuous compounding is ________.

• A) 8.47%
• B) 8.62%
• C) 8.88%
• D) 9.42%

---

Definitions:

Approximations

Incremental steps or behaviors that progressively resemble the target behavior or outcome, used in learning and conditioning.

Extinction

In psychology, it refers to the gradual weakening and eventual disappearance of a learned response, often used in the context of conditioned responses.

Avoidance

A coping strategy that involves evading certain situations, thoughts, or feelings that are perceived as uncomfortable or anxiety-provoking.

Punishment

A process in behavioral psychology where an unpleasant consequence follows a behavior, decreasing the likelihood of that behavior being repeated.