9514 1404 393
Answer:
12.1204%
Step-by-step explanation:
The nominal annual rate is 4 times the effective quarterly rate:
(1 +0.12/12)^3 = 1.030301
so the effective quarterly rate is 3.0301%.
The equivalent annual rate compounded quarterly is 12.1204%.
4/11•7/1=28/11
Answer: 28/11 or 2 6/11
2013
Because you move the decimal three places to the right.
OR.
2.013 x 1,000
Replace x with y and solve for y~
y=2*
x=2^y
log x = y log 2
y=log x / log 2
Hope this helps and leave a brainliest to help me reach expert ;)
