Q 5

The effective annual rate (EAR)for a savings account with a stated APR of 4% compounded daily (use 365-day year)is closest to:
A)3.92%.
B)4.00%.
C)4.08%.
D)14.60%.

Q 7

Use the table for the question(s)below.
Consider the following investment alternatives:
-Which alternative offers you the lowest effective rate of return?
A)Investment A
B)Investment B
C)Investment C
D)Investment D

Q 8

The highest effective rate of return you could earn on any of these investments is closest to:
A)6.250%.
B)6.267%.
C)6.295%.
D)6.310%.