Multiple Choice
Would a depositor prefer an APR of 8% with monthly compounding or an APR of 8.5% 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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