When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.
<h3>Effective Annual Rate:</h3>
The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.
Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.
It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.
The effective yearly interest rate rises over time as the number of compounding periods increases.
Therefore, the correct option is A.
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Answer:
x=1
Step-by-step explanation:
multiply both sides by 28 (it is the Least Common Multiple) which would bring your equation to be
7x-2= 4x+1
3x=3
x=1
For this case we have that by definition:
- <em>The terms of a polynomial expression are those that are composed of coefficients and variables separated by signs of addition and subtraction.
</em>
We then have the following expression:
According to the definition, we can conclude that the first term is given by:
Answer:
The first term of the expression is:
Answer: The answer would be 3.91666666667
