1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leva [86]
3 years ago
12

You invest $1600 in an account paying 5% interest compounded daily. What is the account's effective annual yield? Assume 360 day

s in a year.
The account's effective annual yield is ___% (Round to two decimal places as needed)
Mathematics
1 answer:
Pavlova-9 [17]3 years ago
3 0

Answer:

5.13%.

Step-by-step explanation:

Amount  accumulated in 1 year

= 1600(1 + 0.05/360)^360

= $1682.03

Account's effective annual yield

= 82.03 * 100  / 1600 %

= 5.13%.

You might be interested in
One full revolution of a circle is 180º.<br> 0<br> True<br> False
Helga [31]

Answer:

True

Step-by-step explanation:

180 is a whole revolution

4 0
3 years ago
Read 2 more answers
Pls help me with this
sergij07 [2.7K]

Answer:

x=630

Step-by-step explanation:

The Exponential Product rule tells us that...

x^m*x^n=x^{m+n}

Therefore, x=1+2+3...+35.

Therefore, x=630

5 0
2 years ago
Ellis has 29 nickels, 45 dimes, 14 quarters, and 18 fifty-cent piece. How much money does he have
egoroff_w [7]

Answer:

$18.45

Step-by-step explanation:

1.45 in nickels

4.5 in dimes

3.5 in quarters

9 in fifty cent piece

now you add them

1.45+4.5+3.5+9=

4 0
3 years ago
Read 2 more answers
PLEASE ANSWER WITH SOLUTIONS. THX! I NEED IT ASAP!!
Diano4ka-milaya [45]
I think the first one might be 18 second might be 10
4 0
3 years ago
HELP...here say:write five decimals that have at least 3 digits to the right of the decimal point.Write the expanded form and th
just olya [345]
27÷9=3
1+2=3
1×3=3
10-7=3
27-24=3
8 0
2 years ago
Other questions:
  • Find the missing sides in this 30-60-90 right triangle hypotenuse=12 long=?
    8·1 answer
  • Help me please thank you <br> I have 2 questions
    12·2 answers
  • How to do this question 3•3•5
    10·2 answers
  • The formula commonly used to find simple interest is i = prt.
    15·2 answers
  • Cristina has completed .4 of his test. The test has 40 questions total. if he completes 12 more how many more will he have left?
    10·1 answer
  • If P is the incenter of JKL, find each measure
    13·1 answer
  • Candace complete a 3.1 mile run in 22 1/2 minutes. At that pace, what is her unit rate, in minutes per mile? Round your answer t
    15·1 answer
  • Solve the equation in standard form
    10·1 answer
  • A culinary club earns $1116 from a dinner service. They sold 32 adult meals and 60 student meals. An adult meal costs twice as m
    8·2 answers
  • EXTRA POINTS AND BRAINIEST IF CORRECT!! Someone Please help me with this.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!