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

during the great depression , one way new deal programs tried several to stimulate economic recovery by

What can be multiplied to get 5 and added to get 4

During the period of the Crusades, warfare between Christians and Muslims lasted nearly 10020050300 years.

What literary movement paralleled impressionistic art and music? expressionism chromaticism symbolism primitivism

India was controlled by France,Spain or England

Please help me! Thanks what is the ratio of a to b? 1/2 = a+b/a-b A. -3 B. -1/2 C. -1/3 D. 3

What was the initial goal of apartheid? Ensure a balanced system of representation for all people Maintain white domination and extend racial separation Create

Atomic radius a. increases across a period and increases down a group. b. decreases across a period but increases down a group. c. increases across a period

referring to the body and it's functions

What is soil consistency?