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

write a paragraph describing the effects of the european arrival in america

Figure ABC is to be translated to Figure A'B'C' using the rule (x, y) → (x−3, y+4). Triangle ABC on the coordinate plane with the ordered pairs for A as 1,1, B

what is the square root of 4 multiplied by 16

What should the diameter of a circle whose circumference is measured to be 20 cm be?

Which crops provide more than half of the calories consumed by humans?

How should a downed deer or other large animal be approached?

Checking the dining areas of an eating establishment for evidence of flaking paint, broken light bulbs, and wood damage will reduce the chances of:

How and why can virtually all organisms-plants, animal, and bacteria- use the exact same energy molecule, ATP?

Write an equation and solve. If four times Catherine’s age is subtracted from 5 times Jose’s age, the difference is 32 years. Jose is sixteen. Find Catherine’s

Which describes the duty of “common people” in confucianism?