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

question 101

Multiple Choice

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

• A)11.98%
• B)12.50%
• C)12.00%
• D)12.62%
• E)12.14%

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Definitions:

Unconscious Motivation

Drives and desires operating below the level of conscious awareness, influencing behavior in significant ways.

Learning/Cognitive Perspective

An approach in psychology that emphasizes the role of mental processes in how people acquire knowledge, form beliefs, and develop attitudes and behavior.

Unconditional Positive Regard

A term used in client-centered therapy advocating for an accepting and nonjudgmental approach to the client by the therapist.

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of potentially lower number of unobserved variables, known as factors.