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xxTIMURxx [149]
2 years ago
7

When calculating a loan’s effective rate, if the interest compounds every two months, what value of n do you plug into your equa

tion? a. 2 b. 0.167 c. 6 d. 60
Mathematics
2 answers:
olga2289 [7]2 years ago
8 0

The value of n you plug into your equation will be 6. Then the correct option is C.

<h3>What is compound interest?</h3>

Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.

When calculating a loan’s effective rate.

If the interest compounds every two months.

Then the value of n you plug into your equation will be

If the interest is compounded every two months, the interest will be applied six times every year.

Because there are 12 months in a year, the value of n that you will plug into your equation is 6, and it will be compounded every two months.

More about the compound interest link is given below.

brainly.com/question/25857212

jeka57 [31]2 years ago
7 0

Answer:

C

Step-by-step explanation:

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3 years ago
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leonid [27]

Answer:

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Step-by-step explanation:

Just substitute  for n:-

first term ( when n = 1) =  2 * 2^(1-1)

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8 0
3 years ago
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Free_Kalibri [48]
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Parallel line:
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The equation of a parallel line is
y = mx + b - ma
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Perpendicular line:
A perpendicular line will have a slope of -1/m, because the product of slopes should be -1.
The equation for a perpendicular line is of the form
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