Q11. As the number of compounding periods increases, what is the effect on the annual percentage rate (APR) and the effective annual rate (EAR)? A) APR increases, EAR increases. B) APR increases, EAR remains the same. C) APR remains the same, EAR increases.
Q12. A local bank advertises that it will pay interest at the rate of 4.5%, compounded monthly, on regular savings accounts. What is the effective rate of interest that the bank is paying on these accounts? A) 4.59%. B) 4.65%. C) 4.50%.
Q13. As the number of compounding periods increases, what is the effect on the EAR? EAR: A) increases at an increasing rate. B) increases at a decreasing rate. C) does not increase.
[此贴子已经被作者于2008-12-29 17:08:39编辑过] | 
发表于 2008-12-29 16:31
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