What are the possible values of x and y for two distinct points, (5,-2) and (x, y), to represent a function?
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the original price is "x", or 100%.
but we know that if we reduce "x" by 20%, namely 100% - 20% = 80%, the 80% of "x" is really £50, what is "x" or the 100% anyway?
We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:
The effective annual yield (EAY) will be:
The EAY is 101.22%