Answer:
I'm confused
Step-by-step explanation:
What am I suposed to do?
12.6 is the answer. Hope this helps :)
Answer:
the opposite of 2
Step-by-step explanation:
Since its in the little lines it'll always be the opposite like if it were |2| then it'd be -2
The equation for compound interest is:
Where r is the interest rate and n is the number of times per year it's applied.
Annually n = 1 and 7% interest r = 0.07
The quarterly rate 2% is already quartered 0.02 = r/n .
You can see that Alexander is incorrect. A quarterly compound interest rate of 2% will accrue more interest than a 7% compound annual interest rate.
1.7% compound quarterly