When a credit card company quotes an annual rate of 10% compounded monthly, the EAR will be ___________________than the quoted rate. *

higher

none of the choices

lower

equal


Debt is ________________________ when the principal is paid off during the life of the loan. *

Perpetuity

Amortized

Ordinary

More



Find the amount of the annuity or future value if a quarterly deposit of ₱3, 000.00 for 5 years with interest rate of 8% compounded quarterly. *

64,800

72,892.11

73,476.86

60,000