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

4/7(4x+3)-1/7(9x+5)

The Big Screamer Coaster carries 92 people altogether. Some of its cars carry 4 passengers, and the rest carry 6 passengers. There are three less 6-passenger c

Someone wants to buy a costume for $120. He had a coupon for 33 1/3% off the price. What is the price of the costume after the coupon without tax?

what is the greatest common factor of the terms of the polynomial 12x^4 - 6x^3 + 9x^2

5 divided by a =60 help me solve a

7 more than the quotient of a number y and 5

5 ways to prevent mass movement

icks to surfaces such 10. You may have noticed that water sticks to surfaces as glass. Which property of water is responsible for this phenomenon?

At a basketball camp, the players were randomly divided into different groups. The number of players in each group varied. The assistant manager of the basketba

Why can evaporation be used to separate a mixture? check all that apply. One or more components has a lower boiling point than the de