14. If a savings account has an interest rate of 1.60%, and compounds monthly, what is the APY?

Select one:

a.1.61%

b.1.62%

c.1.63%

d.1.60%

17. Coinsurance is taken as a flat fee.

Select one:

True

False

9. Xavier has a credit card with a 15.74% APR. If he leaves a balance of $325.17 on his card, what interest will be charged on his first day? (Hint: credit cards compound daily)

Select one:

a.$0.26

b.$0.85

c.$0.18

d.$0.14