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

The fundamental principle or lesson of sociology is that

1.Using the order of operations, what should be done first to evaluate (-2)³ + 4 ÷ (-15 + 9)(3) - 4? A.Add -15 and 9. B.Divide 4 by -15. C.Subtract 4 from 3. D.

After saving money in his piggy bank for three years, omar decided to deposit $2,500 of the money in the local bank. if the bank were fully loaned out and the r

Choose the meaning that best matches the word in italics. He practiced for hours -honing- his skills on the basketball court. (A) Grinding (B) Perfecting (C) Fi

How long so you have to drive at 45 mph to get to 1 mile?

Coordinates of a triangle are (7,0) (0,8) and (20,10) what is the area of the triangle

given the function f(x)=3x+5a / x^2-a^2 find the value of a for which f'(12) = 0

Which statement correctly describes how thermal energy tends to spontaneously flow? A.from high temperature to low temperature B.from low temperature to high te

Washing your hands is the best way to prevent against diseases that are spread

How did the Great Compromise satisfy both the small and the large states?