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

If 3 hippos eat 5 pumpkins , how many pumpkins per hippo is that ?

What is the answer to Three increased by d Answer

Does anyone know how to rationalise the denominator ???

Solve the inequality. Graph the solution. 4(n-3) -6>18

What kind of world will we be living in after a century? (4-5 SENTENCE ANSWERS) WILL GIVE BRAINLIEST!! PLS HELP!!!

which of the following statements is true? integers are irrational numbers imaginary numbers are real numbers natural numbers are irrational numbers rationa

p= -5x2 + 70x - 165

In the "The Odyssey" by Homer in book 9 what happened to the men who eat the Lotus flower

You send half of your allowance on Monday .On Tuesday you send half of what is left then on Wednesday you send half of what remains .What fraction of your allow

Which statement describing the cells in a body system is correct?