the answer is 1320 :) (hopefully you can read the writing in my work)
Answer:
The nominal annual interest rate is 15%.
The effective interest rate is 16.08%.
Step-by-step explanation:
$9,375 = $325 (P/A, i%, 36)(P/A, i%, 36)
= $9,375/$325= 28.846
From compound interest tables, i = 1.25%
Nominal Interest Rate= 1.25 x 12= 15%
Effective rate = (1+ (0.15/36))^36-1=1.004^36-1= 16.08%
Answer:
False
True
True
Step-by-step explanation:
Hope this helps! Sorry If I'm wrong.
COT (I) + TAN (I) AND THERES YOUR anwser sir
It would be 50% because it’s equally likely