Multiple Choice
Which account would be preferred by a depositor: an 8% APR with monthly compounding or 8.5% APR with semiannual compounding?
A) 8.0% with monthly compounding.
B) 8.5% with semiannual compounding.
C) The depositor would be indifferent.
D) The time period must be known to select the preferred account.
Correct Answer:
Verified
Correct Answer:
Verified
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