Compounding the annual percentage rate (APR) four times a year is equivalent to:
A) the annual percentage rate (APR) quoted by a financial institution.
B) the annual percentage rate (APR) compounded semi-annually.
C) the effective annual rate (EAR) annually.
D) the effective annual rate (EAR) semi-annually
E) the effective annual rate (EAR) quarterly.
Correct Answer:
Verified
Q46: Which of the following financing methods provides
Q58: In financial institutions, the sources of credit:
A)come
Q59: By evaluating your credit options, you can
A)reduce
Q64: According to consumer affairs experts, one of
Q65: What is monthly payment for a $25,000
Q68: Which of the following offer the least
Q73: Which type of credit insurance repays your
Q76: Membership in credit unions has been
A)growing steadily.
B)declining
Q80: The interest rate on a collateralized loan
Q85: Credit counselors will aid families by
A)setting up
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents