gcinysirnziry
gcinysirnziry gcinysirnziry
  • 25-07-2021
  • Mathematics
contestada

calculate the effective yearly rate if an investment offers a nominal interest rate of 9.5% compounded quarterly​

Respuesta :

loconte loconte
  • 25-07-2021

Answer:

9.725%

Step-by-step explanation:

(1.0475)^2 =1.09725

one year 2 periods 4.75% per period

Answer Link

Otras preguntas

Linear functions f(x) and g(x) have been combined by addition and multiplication. The table shows values for the sum, s(x), and product, p(x). Which statements
To prove quadrilateral WXYZ is a parallelogram, Travis begins by proving △WZY ≅ △YXW by using the SAS congruency theorem. Quadrilateral W X Y Z is shown. A diag
Which line uses an iambic meter? OA. Wait for the morning! Ah! We wait indeed OB. A battered swordsman, slashed and scarred C. Nature, the gentlest mother of al
Which term describes the red curve in the figure below? • A. Hyperbola B. Circle C. Parabola • D. Ellipse
What is Photosynthesis?My Love is my life and my love is Anayaa!!​
Help me with this question please
What is a biochemical ​
Which of the following occurs in meiosis but not mitosis? O Sister chromatids separate and move to opposite ends of the spindle O Homologous chromosomes separat
A story's theme is not usually clearly stated, but it can be found by studying the story's _____. options: events setting topic sentence (please explain your re
Suppose you have $1500 in your savings account at the end of a certain period of time. You invested $1000 at a 2.71% simple annual interest rate. How long, in y