Which of These Savings Rates Is Most Favorable

question 43

Multiple Choice

Which of these savings rates is most favorable?

• A) 4% compounded annually
• B) 3.9% compounded monthly
• C) 3.9% compounded quarterly
• D) 3.8% continuously compounded

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Definitions:

Sigmund Freud

An Austrian neurologist best known for developing the theories and techniques of psychoanalysis.

Applied Psychology

This refers to the use of psychological methods and findings of scientific psychology to solve practical problems of human and animal behavior and experience.

Behaviourism

A field of psychology that focuses on observing and analyzing how behavior is learned and influenced by the environment, without invoking thoughts or feelings.

Functionalism

A theory in sociology and psychology which emphasizes the importance of understanding the purpose or function of behavior, institutions, and processes in society and the mind.