Which of These Savings Rates Is Most Favorable

question 105

Multiple Choice

Which of these savings rates is most favorable?

• A) 4% compounded quarterly
• B) 4% compounded semi-annually
• C) 4% compounded monthly
• D) 4% compounded annually

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Definitions:

Door-In-The-Face Technique

A persuasion method where a large request is made knowing it will be turned down, to increase the chances of a smaller request being accepted.

Tutoring Center

A dedicated space where students can receive additional academic assistance and support outside of the formal classroom setting.

Volunteer

An individual who offers their service or efforts willingly and without financial compensation.

Door-In-The-Face Technique

A persuasive strategy where a large, unreasonable request is made first with the expectation of being refused, followed by a smaller, more moderate request.