Would a depositor prefer an APR of 8% with monthly compounding or an APR of 8.5% with semiannual compounding?

Therefore depositor would prefer an APR of 8.5% with semiannual compounding

Explanation:

First determine the Effective Interest Rate of the two Returns, then compare the Rates.

The Effective Annual Rate of Interest is the Annual rate that if compounded once a year, would give us the same result as the interest per period compounded a number of times.

1. APR of 8% with monthly compounding

Calculation of Effective Annual Rate of Interest using a Financial Calculator:

8 % Shift NOM %

12 Shift P/YR

Shift EFF % = 8.3 %

2. APR of 8.5% with semiannual compounding

Calculation of Effective Annual Rate of Interest using a Financial Calculator:

8.5 % Shift NOM %

2 Shift P/YR

Shift EFF % = 8.6806 or 8.68 %

Conclusion.

Choose the APR giving greater  Effective Annual Rate.

Comparing the 2 Effective Annual Rate of Interest, it can be seen that an APR of 8.5% with semiannual compounding gives a greater Effective Annual Rate of Interest.

Therefore depositor would prefer an APR of 8.5% with semiannual compounding

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.