An 7% APR with Quarterly Compounding Is Closest to Which

question 93

Multiple Choice

An 7% APR with quarterly compounding is closest to which of the following?

• A)an EAR of 7.19%
• B)an EAR of 7.09%
• C)an EAR of 7.00%
• D)an EAR of 7.12%

---

Definitions:

Orthopedist

A medical doctor specialized in diagnosing and treating disorders and injuries of the musculoskeletal system.

Neurologist

A specialist who diagnoses and treats disorders and diseases of the nervous system, including the brain, spinal cord, and nerves.

Gastroenterologist

A medical specialist focusing on the diagnosis and treatment of disorders related to the digestive system, including the stomach, intestines, and liver.

Endocrinologist

is a medical specialist focused on the diagnosis and treatment of hormonal imbalances and problems within the body's endocrine system.