6x-11+2x=7+8x-17<br><br> A: Always true<br> B: Sometimes true<br> C: Never true

Orlando has a loan with an effective interest rate of 7. 918%, compounded annually. Which of the following must be true? I. In t

svetlana [45]

The correct option is B, II. only.

Given to us,

I. In the effective rate formula, n is equal to one.

Effective interest rate formula,

$r = (1 + \dfrac{i}{n} )^n - 1.$

where,

r is the effective interest rate,

i is the stated interest rate,

n is the number of compounding periods per year.

According to the question the compounding periods per year is not given to us. Also, loans are taken for a longer period of time.

Thus, we can conclude that statement is false.

II. The nominal rate is 7. 918%.

nominal rate = real interest rate + inflation rate,

but as it is not mentioned in the question about the inflation rate. the statement is true to us. Assuming the inflation rate is 0%.

Thus, we can conclude that statement is true.

III. The Federal Funds Rate is static.

This statement is false, as the no information is given about this statement also this can not be concluded through assumption.

Thus, we can conclude that statement is false.

Hence, The correct option is B, II. only.

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4 0

3 years ago

Pls help! :<

Georgia [21]

final answer is x>3

if this helps pls can i have brainliest

6 0

3 years ago

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In monitoring lead in the air after the explosion at the battery factory, it is found that the amounts of lead over a 6 day peri

liubo4ka [24]

Answer:

The margin of error that corresponds to a 95% confidence interval is 4.96.

Step-by-step explanation:

We have the standard error(which is the same as the standard deviation of the sample), so we use the students t-distribution to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. There are 6 days, so

df = 6 - 1 = 5

95% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 35 degrees of freedom(y-axis) and a confidence level of $1 - \frac{1 - 0.95}{2} = 0.975([tex]t_{0.975}$ ). So we have T = 2.5706