When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.
<h3>Effective Annual Rate:</h3>
The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.
Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.
It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.
The effective yearly interest rate rises over time as the number of compounding periods increases.
Therefore, the correct option is A.
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Answer:
32
Step-by-step explanation:
It is given that Jeff and his friend each text four classmates about an concert that is two people texts four classmates then 2×4=8 people are notified about the concert, then according to question, each 8 of them texts 4 more students from a different school about the concert, so the total number of people from the other school which are being notified about the concert will be 8×4=32.
Answer:
24, 48
Step-by-step explanation:
1. A common multiple is a number, specifically a whole number, that is a shared multiple between 2 or more numbers.
2. Given the information above, we can see there's a list of multiples for 6 and 8. The multiples that 6 and 8 share are 24 and 48, so they're common multiples.
Therefore, the answer is 24 and 48.
Answer:
There are 5 pigs on Aaron's farm
Step-by-step explanation:
1. Start with 40 animals
2. 1/10 of the animals are cows, so divide 40 by 10 and you will find that 4 of the animals are cows
3. 2/5 of the animals are chickens, so multiple 40 by 2 to get 80 and then divide 80 by 5 and you will find that 16 of the animals are chickens
4. Subtract the 4 cows and 16 chickens from the 40 total animals and you find there are 20 more animals that are neither cows nor chickens
5. Of the 20 remaining animals, 1/4 are pigs, so divide 20 by 4 and you will find that there are 5 pigs
