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Liono4ka [1.6K]

3 years ago

9

A basic principle of economics is that a country’s standard of living depends on its a. Quantity of physical capital. b. Abundan

ce of natural resources. c. Ability to produce goods and services. d. Ability to thrive economically without having to interact with other countries.

1 answer:

Nookie1986 [14]3 years ago

7 0

This answer should be C

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First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou

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Answer:

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given data

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solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = $(1+ \frac{r}{n} )^n - 1$ .....................1

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so put here value

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and

EAR for First United Bank is

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