A bank quotes a stated annual interest rate of 4.00%. If that ra

2023-11-03 11:14:58
CFA-Level1

A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank is compounding interest:

A.daily

B.quarterly

C.semiannually

正确答案是A

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