Answer:
The number of observations is 15.
Answer:
16
Step-by-step explanation:
The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Hello there!☺


Factorized
To factor
, we will have to do it by grouping.

is your answer.
Hope this helps!☺