Who Were the Two Most Famous Competitors in the 1401

question 2

Multiple Choice

Who were the two most famous competitors in the 1401 competition for the decoration of the doors of the Florence Baptistery?

• A)Brunelleschi and Ghiberti
• B)Michelangelo and Leonardo
• C)Donatello and Masaccio
• D)Botticelli and Mirandola

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Definitions:

Effective Annual Rate

Effective annual rate (EAR) is the actual return on an investment or real cost of a loan, considering compounding interest, expressed as an annual rate.

EAR

Effective Annual Rate, a measure of interest that accounts for compounding over a year, providing a more accurate depiction of financial product returns.

APR

Annual Percentage Rate; a comprehensive measure of the cost of borrowing on an annual basis, including interest and other fees.

Monthly-Compounded

Monthly-Compounded refers to the process of applying interest on an investment or loan on a monthly basis, where each month's interest is added to the principal.