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

Why does Lincoln use religious references in his argument????

in how many ways can a student arrange 6 textbooks on a locker shelf that can hold 4 books at a time? 30 120 240 360

find a solution of the linear inequality. y ≥ 4x – 5 a. (1, 1) b. (2, 1) c. (3, 4) d. (3, 0)

Solve this: 4x + 5x = 10(x - 2) Please, answer ASAP as my sheet is due in 10 minutes.

Why were community lands not recognized by U.S. lawyers?

the radius of a sphere is 3 inches. which represents the volume of the sphere? 12π cubic inches 36π cubic inches 64π cubic inches 81π cubic inche

4(x-3)=5(x+1) solve the equation above for x

Most plots unfold chronologically. true false

may someone help me out with this please.

Why are government regulations on alcohol sales and consumption an example of environmental treatment strategies? A. They require individuals to make wise perso