Answer: all of the answers are correct
Explanation: A budget is an approximation of income and expenditure for a given future time frame and is typically collected and regularly re-evaluated.
Budgets may be made for an individual, a family, a group of people, a corporation or just about anything else that earns money and expenses it. A budget is an institutional resource used by managers at organizations and is often not needed for affected parties to monitor.
Budget is a necessary tool as it amounts the resources thus it works as backbone for all the planning process.
Answer:
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Explanation:
The effective interest rate is greater by 0.72 percentage points as compared to the nominal interest rates.
Computation:
Given,
Nominal Interest rate =11.85%
compounding period = weekly, that is 52.
The formula of the effective interest rate will be used:
Now, the difference of the effective interest rate and nominal interest rate will be determined to know the exceeding percentage:
Therefore, option a. 0.72 percentage points is correct.
To know more about the effective interest rates, refer to the link:
brainly.com/question/14270693
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