2. What is the effective annual rate of an investment that pays 6% for 5 years, compounded semiannually?
1 answer:
Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = -1
put here all value
rate of interest = -1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %
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The computation shows the radius of the circle that is inscribed in the isosceles triangle will be 3.33cm.
<h3>How to calculate the radius?</h3>From the information given, the isosceles triangle the length of a base is 10 cm and the length of a leg is 13 cm.
Let A = area of the triangle
Let S = semi perimeter of the triangle.
The radius will be: = A/S
where,
The radius will be:
= 3.33cm
In conclusion, the radius is 3.33cm.
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