With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.

5 0

2 years ago

Suppose you purchase a raffle ticket for $1.00. First prize is $5,000, second prize is $1,000, and third prize is $500. If 500 t

Keith_Richards [23]

You should expect to gain 12$

8 0

3 years ago

F(x) = 3x^2 +12x+7 in standard form

ivann1987 [24]

Answer:

y = ax^2 + bx + c => F(x) = 3x^2 +12x+7; F(x) = 3x^2 +12x+7 is already in standard form for the equation of a parabola.

Step-by-step explanation:

Actually, F(x) = 3x^2 +12x+7 is already in standard form, y = ax^2 + bx + c. Double check the instructions for this problem. Did you perhaps want "vertex form?"

7 0

2 years ago