Answer: Quarterly
Explanation:
Annual interest rate = 4.00%
Effective annual rate = 4.08%
To know if the bank is compounding interest daily or quarterly goes thus:
Effective Annual rate can be calculated using:
= (1+Periodic rate)^number of compounding periods - 1
Therefore, we calculate the daily compounding effective annual rate which will be:
= (1+4%/365)^365 - 1
= (1 + 0.04365)^365 - 1
= 4.08%
For Quarterly EAR, this will be:
= (1+4%/4)^4 - 1
= (1 + 0.04/4)^4 - 1
= 4.06%
Therefore, the a bank is compounding interest Quarterly
Answer:
Can be no lower than its world beta
Explanation:
For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>
Family members can give advice but if they are not a business partner, then they don't have much of a say in the business.
The rites and rituals are considered to be ceremonies and
activities in which should be placed on the space provided because they are use
for occasions in a way of celebrating a specific group or organization that has
set an example above.
