Answer:
0.2682 or 26.82%
Step-by-step explanation:
The monthly interest rate (r) that your friend is willing to pay is:
The following expression converts a monthly interest rate (r) into an annual interest rate (i):
![r=\sqrt[12]{1+i}-1](https://tex.z-dn.net/?f=r%3D%5Csqrt%5B12%5D%7B1%2Bi%7D-1)
For r = 0.02:
![0.02=\sqrt[12]{1+i}-1 \\1.02^{12}-1=i\\i=0.2682](https://tex.z-dn.net/?f=0.02%3D%5Csqrt%5B12%5D%7B1%2Bi%7D-1%20%5C%5C1.02%5E%7B12%7D-1%3Di%5C%5Ci%3D0.2682)
Your friend is willing to pay an annual rate of 0.2682 or 26.82%.
This seems like the answer :)
Answer:
4-2=2 6^2=36
Step-by-step explanation:
Answer:
8x³y³
Step-by-step explanation:
When the number is in parentheses, it means the exponent goes to all of the variables and numbers inside. So 2 squared is 8 and x squared and y squared are just written like that. I hope this helps clear things up...
Oh ok so the answer is .666666666666 etc infinite 6s
