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

Why did Parliament pass the Test Act of 1673?

Hydrogen bonding is necessary for

Need to write a 200-word essay on the death penalty. Is it too harsh or not. Any ideas?

How did the growth of the rail networks affect the meatpacking industry? (a)The meatpacking industry shrank because the demand for other natural resources incre

Jessie has a box of 1,000 marbles. He has 75 yellow marbles, 230 red marbles, 331 blue marbles, and 364 green marbles. What fraction of his marbles are yellow?

7 - 3 = -x + 1 Solve for X.

What is the value of x in the equation 0.2(x 1. 0.5x = –0.3(x – 4)?

Marcus purchased 75 shares of stock a year after the purchase the stock the valley of the cost is $2 less per share write a multiplication expression to determi

how did most people in new England earn living ?

Understand the central concerns that motivated the antifederalists and indicate their economic and political differences with the federalists