I believe it’s 11n -4 -40
Answer:
1
Step-by-step explanation:
Answer:
6.66%
Step-by-step explanation:
((1 + r/m)^n) - 1
Interest rate , r = 6.5%
m = number of compounding times per period = 4 (quarterly interest)
((1 + 0.065/4)^4) - 1
((1 + 0.01625) ^4) - 1
((1.01625)^4) - 1
1.06660 - 1
= 0.0666
0.0666 * 100%
= 6.66%
Answer:
60 time 10
Step-by-step explanation: