Answer: 12.47%
Explanation:
First convert the APR to the relevant periodic rate.
The compounding is done daily so the periodic rate is:
= 11.75%/365
Effective Annual rate is calculated by the formula:
= ( 1 + periodic rate) ^ compounding period per year - 1
= ( 1 + 11.75%/365)³⁶⁵ - 1
= 12.47%
Answer:
hi here is ur answer
Explanation:
Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Budgeting is simply balancing your expenses with your income
------------Hope it helps--------------
wait:( is there's no b because my answer on my own work is b
B. in a free market economy, prices and wages result from natural forces
since government will not take any involvement in the economy, prices and wages will be determined by the power of supply and demand
hope this helps
