A bank quotes a stated annual interest rate of 4.00%.If that rate is equal to an effective annual rate of 4.08%,then the bank is compounding interest:

 

　　A.Daily

 

　　B.Quarterly

 

　　C.Semiannually

 

　　Answer:A

 

　　解析

 

　　公式是（1+4%/N）^N-1；

 

　　所以，Daily是4.08%，Quarterly是4.06%，Semiannually是4.04%，答案选A。