Answer:
<em>The effective annual rate is 11.03%</em>
Step-by-step explanation:
The effective interest rate is calculated through the formula:
In this formula, r represents the effective interest rate, i represents the stated interest rate or APR, and n represents the number of compounding periods per year.
For a quarterly compounded interest, n=4. The APR i=10.60%=0.106
Given an APR r, the effective annual rate for a quarterly compound is:
The effective annual rate is 11.03%
Answer:
3
Step-by-step explanation:
Whatever the highest exponent is determines the degree.
Answer:
=−18y4−27y3+81y2
Step-by-step explanation:
Given:
The table of values for the function f(x).
To find:
The values 
and 
.
Solution:
From the given table, it is clear that the function f(x) is defined as:
We know that if (a,b) is in the function f(x), then (b,a) must be in the function 
. So, the inverse function is defined as:
And,
...(i)
Using (i), we get
Now,
Therefore, the required values are and .
