Answer:
Chan is not correct.
The correct equivalent quarterly interest rate is 1.3108% per quarter.
Step-by-step explanation:
Given that Chan deposited money into his retirement account.
The interest was 7% compounded annually.
Let P be the amount invested and F the final amount got after 1 year
If compounded annually,
F = P(1+0.07) = 1.07P
If compounded quarterly, no of quarters = 4
F = 
= 1.3108P
Hence equivalent interest rate = 1.3108% and not 2%
-420 is your answer
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Answer:
The y-intercept represents the flat fee.
Step-by-step explanation:
The y-intercept on the graph would be the point at which the line cuts across or intercepts the y-axis. At this point, the value of x (miles travelled) would be 0. The y-intercept in this case, would be the flat fee which is given as $2.
At x = 0, f(0) = 2.
The y-intercept represents the flat fee on the graph of f(x).
The pool that Reggie drew will be 24 millimeters long, compare to real life which is 24 meters long.
As we can't create a real-life dimension in a small sheet of paper, we opted for a small scale that covers up the large length. As we are given, the scale of the drawing is 4 millimeters: 3 meters, which means 1 millimeter is equal to 3/4 meters, and the size of the pool in real life is 24 meters.
So, the length of the pool in the drawing is = 24*(3/4)
= 24 millimeters
To know more about scale manipulation refer to the link brainly.com/question/14806083?referrer=searchResults
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