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zloy xaker [14]
3 years ago
8

Calculate the annual effective interest rate of a 12 % nominal annual interest rate compound monthly

Mathematics
1 answer:
DedPeter [7]3 years ago
8 0

Answer:

  12.683%

Step-by-step explanation:

The effective annual rate is given by ...

  (1 +r/n)^n -1

where r is the nominal annual rate, and n is the number of compoundings per year. Filling in the given numbers, we have ...

  effective rate = (1 +0.12/12)^12 -1 ≈ 0.12683 = 12.683%

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Answer:

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Step-by-step explanation:

10/3= 3.333 and so on

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3 years ago
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a share of stock in the bree medical supply company is quoted at 35 1/4. suppose you hold 20 shares of that stock, which you bou
erica [24]
Total number of stocks bought = 20
Rate at which each stocks were bought = 31 1/2
                                                             = 63/2
Rate at which 20 stocks were bought = 20 * (63/2) dollars
                                                             = 10 * 63 dollars
                                                             = 630 dollars
Rate at which each stocks were sold = 35 1/4
                                                             = 141/4 dollars
Rate at which 20 stocks were sold = 20 * (141/4) dollars
                                                         = 5 * 141 dollars
                                                         = 705 dollars
Then
Amount of profit made by selling 20 stocks = (705 - 630) dollars
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So the total amount of profit made is $75. The correct option in regards to the given question is option "D".
3 0
3 years ago
A cheetah can run 70 miles per hour. What is this speed in feet per hour
GarryVolchara [31]

If I am correct the answer is 369,600 feet per hour.

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3 years ago
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Lelechka [254]

Answer:

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Let's take (2,2) and (0,-3)

So,

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Hence,

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What is 20/45 simplified
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3 years ago
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