1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rewona [7]
3 years ago
8

In dire need of help with APR and APY! Please Help!

Mathematics
1 answer:
Sedbober [7]3 years ago
6 0
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><span>For example, a credit card company might charge 1% interest each month; therefore, the APR would equal 12% (1% x 12 months = 12%). This differs from APY, which takes into account compound interest. The APY for a 1% rate of interest compounded monthly would be 12.68% [(1 + 0.01)^12 – 1= 12.68%] a year. If you only carry a balance on your credit card for one month's period you will be charged the equivalent yearly rate of 12%. However, if you carry that balance for the year, your effective interest rate becomes 12.68% as a result of compounding each month.</span>
You might be interested in
If the mean of symmetrical distribution is 28, which of these values could be the median of the distribution.
lina2011 [118]
If a distribution is symmetric, its mean is the same as its median, so the median would also be 28.
6 0
3 years ago
HELP THIS IS DUE SOON
leva [86]

Answer:

function : 2 and 3

Step-by-step explanation:

a function cant have any overlapping points on the x axis, if you can draw a line up and down (vertical) and it hits two points then it isn’t a function

5 0
2 years ago
Read 2 more answers
What is the equation of a parabola with a vertex at (0,0) and a focus at (0. -5)
Vesna [10]
The focus it the point, so all you have to do is plot the focus on a graph. Then, draw a line to the point of origin and calculate the equation. This equation in slope intercept form would be y=-x+0
4 0
3 years ago
1/5,6/30 tell if it forms a porportion
Marianna [84]
1/5=6/30 if thats what you mean
5 0
3 years ago
Find the 10th term of the sequence defined by the rule, f (n) = 4n - 3.
DiKsa [7]

Answer:

<h3>                f(10) = 37</h3>

Step-by-step explanation:

f(n) = 4n - 3

f(10) = 4×10 - 3 = 40 - 3 = 37

6 0
3 years ago
Other questions:
  • Determine how many solutions the following equation has<br> -x+3(x-2)=2(x-2)
    15·1 answer
  • What is the surface area? 7 ft 7 ft 7 ft square feet please
    8·1 answer
  • Please answer question and show your work FAST
    6·1 answer
  • A research organization wanted to estimate the average number of hours a college student sleeps per night during the school year
    8·1 answer
  • What are the like terms in the expression 3×+2+4y+5y
    14·2 answers
  • A manufacturer of banana chips would like to know whether its bag filling machine works correctly at the 409 gram setting. It is
    9·1 answer
  • A rectangular garden that is 11 feet wide. the length of the diagonal is 1 foot greater than the length of the garden. what is t
    11·1 answer
  • The cargo area of the moving truck shown will be completely filled by 45 identical cube-shaped boxes. What will be the surface a
    13·1 answer
  • Suppose you wanted to determine the average income of professional soccer players in the US. You believe the team they play on m
    9·2 answers
  • Find the measure of each angle indicated. Round to the nearest tenth.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!