Answer:
<u>2.53%</u>
Explanation:
We need to understand what effective annual rate is to solve this question.
Effective Annual Rate is the actual interest earned on an investment due to effect of compounding.
The formula is:
Effective Annual Rate = 
Where
i is the interest rate given (nominal interest rate)
n is the number of compounding per year
For the old bank,
5% is the interest rate, so i = 5% = 5/100 = 0.05
n is the number of compounding per year, that will be n = 12 since compounding monthly
So, we have:
Effective Annual Rate 
For second bank, we have:
i = what we need to find
n = 2 (since semi annual compounding, every 6 months)
So,
Effective Annual Rate = 
This should be equal to APR from 1st bank (0.05)
So, we solve for i:
So, the interest would have to be
0.0253 * 100 = <u>2.53%</u>
A group becomes a team when C. accountability shifts from strictly individual to both individual and collective.
All of the choices can be used to identify a team over a group but when the accountability shifts from one person to both the individual and group. A team is when a group of people work together and effectively finish their tasks. Working as a team helps build moral but also make sure that everyone is an active participant in the task.
Answer: Integrity and ethical values
Explanation:
The integrity and the ethical values are the practices in an organization that helps in making various types of effective decisions on the basis of the given situation in an organization.
The integrity is one of the type of ethical and the moral principle that help in taking right decisions with honesty.
According to the given question, the COSO enterprise risk Management is one of the type of organizational framework that reflecting the integrity and the ethical value in the form of internal organizational environment for measuring the proper use of company's resources.
Therefore, The given answer is correct.
Thank you for posting your question here. To answer the problem, i<span>f the risk-free rate is 5% and expected inflation rate is 16%, that would result in a total rate of 21%. Then divide 1 by 0.79 = 1.266. Therefore, my answer is a yield of 26.6% is required. Mind you, this is not scientific, but rather my best guess, but it can't be all wrong.</span>
