Answer:
Quarterly interest rate= 0.8974%
Step-by-step explanation:
Giving the following formula:
Initial investment (PV)= $3,500
Future Value (FV)= $6,200
Number of periods (n)= 16*4= 64 quarters
<u>It is almost impossible to calculate the interest rate using a formula. To determine the interest rate, we need to use a financial calculator:</u>
Function: CMPD
n= 64
I%= SOLVE= 0.8974
PV= 3,500
FV= -6,200
Quarterly interest rate= 0.8974%
Answer:
12
Step-by-step explanation:
if only EC is a diameter and DO is a radius
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Answer:
y - 7 = 1/2(x + 4)
Step-by-step explanation:
Point-Slope Form: y - y₁ = m(x - x₁)
Step 1: Define
Slope <em>m</em> = 1/2
Point (-4, 7)
Step 2: Substitute
y - 7 = 1/2(x + 4)
Answer:
rational
Step-by-step explanation:anything that can be put over a denominator of one is rational for example 8/1 is 8 so rational