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:
y = - 
x + 8
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Rearrange 3x - y = 9 into this form by subtracting 3x from both sides
- y = - 3x + 9 ( divide all terms by - 1 )
y = 3x - 9 ← in slope- intercept form
with slope m = 3
Given a line with slope m then the slope of a line perpendicular to it is
= - 
= - , thus
y = - x + c ← is the partial equation
To find c substitute (6, 6) into the partial equation
6 = - 2 + c ⇒ c = 6 + 2 = 8
y = - x + 8 ← equation of perpendicular line
The Answer to this solution is -14r
Answer:
10+8+2.5+8+6+2.5=37 .
ok you are understand or bot
