Answer:
4%/ a interest compounded semi-annually
Step-by-step explanation:
The option that gives the lower interest rate payment would be more appropriate. to determine this calculate the effective interest rate
Effective annual rate = (1 + APR / m ) ^m - 1
M = number of compounding
(1 + 0.04/2)^2 - 1 = 4.04%
(1 + 0.04/12)^12 - 1 = 4.07%
the choice should be 4%/ a interest compounded semi-annually
Answer:
Step-by-step explanation:
8×4 = (A×7) - (A×3) = A(7-3) = A×4
A = 8
Answer:
the answer is b
Step-by-step explanation:
Answer:
30%
Step-by-step explanation: