View Policies Current Attempt in Progress Bank A offers an account with a nominal yield of 2 percent, and it compounds interest monthly. Bank B offers an account with nominal yield of 2 percent, and it compounds interest daily. Which one has the higher APY? 0 Bank B has the higher APY. 0 Bank A has the higher APY. 0 They both have the same APY. O This cannot be solved from the given information. Save for Later Attempts: 0 of 2 used View Policies Current Attempt in Progress You have invested $2900 in an account that promises a 8 percent APY. Assuming you leave the original investment and all earned interest in the account, and ignoring taxes, estimate how long will it take to double your money? O 11.10 years 9 years O 72 years 5 years Save for Later Attempts: 0 of 2 used Submit Answer V mCurrent Attempt in Progress The steps in the budgeting process are forecasting cash flows, the budget, monitoring, and reevaluating over time. O selecting O negotiating O implementing O adjusting Save for Later Attempts: 0 of 2 used Submit Answe VCurrent Attempt in Progress Compared with time deposits, demand deposits 0 place a greater limit on the number of checks you can write each month. 0 pay higher rates of interest. O require you to leave the funds on deposit for a longer period of time. Q allow you to withdraw money at any time. Save for Later Attempts: 0 of 2 used View Policies Current Attempt in Progress Which is a valid method to forecast future variable expenses? O Increase variable expenses by the average of the past five years. O Increase variable expenses by the difference from last year. O Increase variable expenses by the average of the past three years. O Increase variable expenses by the expected rate of inflation. Save for Later Attempts: 0 of 2 used Submit