18.Alexander deposits $3,200 into a savings account that has a simple interest rate of 1%. If interest is calculated quarterly, which statement is true?

Select one:

a.He will earn $8 in interest each quarter, totaling $32 in interest for the year

b.He will earn $3.20 in interest at the end of one year

c.He will earn $32 in interest at the end of one year

d.He will earn $0.80 in interest each quarter, totaling $3.20 in interest for the year

19. Median is the same thing as average.

Select one:

True

False

22. A premium is a fee paid to have insurance.

Select one:

True

False

23. Gross annual income can be measured by adding up all your paychecks.

Select one:

True

False