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

What’s your opinion on executive order? Should it be permitted or prohibited?

i-Ready »Evaluate (8+t)³ - 6 when t = 2. The value of the expression is Practice: Numeric and Algebra

The length of the shadow of an office building is 35 feet. At the same time of the day, Donovan Mitchell, who is 6.1 feet tall, has a shadow of 5 feet. What is

true or false : Confirmation of Supreme Court nominees typically takes longer today than in the past

Please write the correct answer and measure the bat please

!!!!PLEASE HELP HAS TO BE DONE TODAY!!!! What is the LCD of 45 015 03 05 8 15 - ن and 2/3/?

During ketosis caused by inadequate ingestion of carbohydrates, ______.

You are stranded on a deserted island with a group of about 20 others (ages 10-17). Fruit trees appear to be your major source of food and water is available fr

Pls help I need it quickly thanks

What is the area of each triangular base of the prism?