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Leto [7]
3 years ago
9

If the interest is compounded more than once per​ year, which rate is​ higher, the stated rate or the effective​ rate?

Business
1 answer:
arlik [135]3 years ago
7 0

Answer:

the effective rate is higher

Explanation:

the formula used to calculate effective rate is: effective rate = (1 + r/n)ⁿ - 1

for example, he stated rate is 6%:

  • if it is compounded annually, the effective rate is 6%
  • if it is compounded semiannually, the effective rate = (1 + 6%/2)² - 1 = 6.09%
  • if it is compounded quarterly, the effective rate = (1 + 6%/4)⁴ - 1 = 6.14%
  • and so on
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The rate of interest on money held in a savings account, _______ the amount of money saved.
KIM [24]
A. Decreases


Hope it helps!
4 0
3 years ago
On which of the following goods or services might a tax increase be hardest to pass on to consumers? A) automatic car washes
alexandr402 [8]
It would be hardest to pass a tax increase on A. automatic car washes, because car washes are relatively more elastic than other products mentioned, so consumers would like this change the least.
3 0
3 years ago
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Question 7
ANEK [815]
Question 7
The equation of a straight line AB is



(a) Find the gradient of line AB.
(b) Find the y-intercept of line AB.
(c) A second line PQ is parallel to the line AB and passes through a point (2, -8).
Show that the second line PQ also passes through the point(-1,-5)
4 0
4 years ago
the 7 percent, semiannual coupon bonds offered by house renovators are callable in two years at $1035. What is the amount of the
Anarel [89]

Answer:

$35

Explanation:

Calculation of the amount of the call premium on a $1,000 par value bond

Using this formula

Call premium= Amount of Semiannual coupon bonds- Bonds have par value

Let plug in the formula

Call premium =$1,035-$1,000

Call premium =$35

Therefore the amount of the call premium if the bonds have a par value of $1000 will be $35

4 0
3 years ago
Phishing:_______
grandymaker [24]

Answer:

a)

Explanation:

Phishing is a type of deception in which an intruder disguises himself in email or other means of communication as a reputable individual or person. Attackers would normally use phishing e-mails to spread a range of malicious links or attachments. Some people will gather login credentials or victims' account details.

So as per above definition only option A seems the correct alternative among al the other option when discussing about Phishing.

A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.

7 0
3 years ago
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