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

Normal systolic blood pressure is a function of age. For a woman, the normal systolic pressure, P, in millimeters of mercury (mm Hg) is modeled by P = 0.01 A2 +

5. What does the chromosome suggest as one reason why the frogs look different?- thank you if u help !!

Answer choicesO JI and HI O GJ and JI O GJ and GH GH and HI

Please help !!! Thanks

what is community and society

Instead of keeping senior citizens in elderly homes it is better to care them at home. justify the statement.

Use argument supported by evidence to explain how the skeletal system works with the muscular system in order for our body to function. Describe how the structu

Can someone please help me???

What 3 tips would you give someone whi is about to invest their money for the first time?

How we write alkane to Carboxylic acids when n=1,n=3?