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  1. business
  2. finance
  3. match each account with its correct behavior over

Match each account with its correct behavior over time. Type of Account -abcd...

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Finance

Match each account with its correct behavior over time.

Type of Account

  • -abcd On an account earning 5.875% compounded semi-monthly, the effective rate of interest will
  • -abcd On an account earning 5.875% simple interest, the effective rate of interest will:
  • -abcd On an account earning 5.875% compounded weekly, the amount of interest earned in the fourth year will
  • -abcd On an account earning 5.875% simple interest, the amount of interest earned in the fourth year will

Behavior

  1. decrease over time
  2. be greater than the amount earned in the first year
  3. remain constant over time
  4. be equal to the amount earned in the first year

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