Your Bank Account Pays Quarterly Interest with an APR of 7%.What

question 22

Multiple Choice

Your bank account pays quarterly interest with an APR of 7%.What is the EAR?

• A)7.50%
• B)7.2%
• C)7.0%
• D)7.8%
• E)8.0%

---

Definitions:

Fertile Ecosystems

Ecosystems with high levels of productivity and biodiversity, capable of supporting extensive food webs and numerous species.

Flowing-Water Ecosystem

A river or stream ecosystem.

River

A natural flowing watercourse, usually freshwater, flowing towards an ocean, sea, lake, or another river.

Freshwater Wetlands

Areas of land covered by fresh water for part of or all of the year, characterized by distinct plant and animal communities.