discodazz9 discodazz9

02-08-2020
Mathematics

contestada

A savings account has a rate of 2.25% . Find the effective annual yield of interest is compounded quarterly

Respuesta :

mathmate mathmate

02-08-2020

Answer:

The effective yield is 2.269% to the thousandth.

Step-by-step explanation:

Effective annual yield compounded quarterly, given API

(1+API/4)^4 - 1

= (1+0.0225/4)^4 - 1

= 0.022691

Answer Link

Otras preguntas

how many state parliament members are there in province number 7

What did Lemuel Haynes fight for?

explica quina va ser la política matrimonial que va dur a terme els reis catòlics amb els seus fills

What are the four ways that RNA differs from DNA?

Which electromagnetic wave has the shortest wavelength? Which electromagnetic wave would have a wavelength approximately the size of the tip of a pencil? Which

What types of money are included in the M2 category? Check all that apply. currency savings accounts checking accounts commodity money O short-term investment a

Find the missing values

Would you suggest to your teacher to use the social media to post announcements like project submission deadlines? Why or Why not?

What would occur if the transitional epithelium of the excretory system could not expand? (2 points) Infrequent urination, because more urine could be stored In

In thefigurebelow determine the densityLiquid X20cmLiquid x