Answer: No solution because both the y and x cancel each other out so it would be 0=12
7 is the leases common I’m pretty sure
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 %
Answer:
Hope it helps bhhhhbbbbbbhb