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Doss [256]
3 years ago
7

What is the APY of a savings account with an APR of 3.9742% compounded monthly? Answer to the four decimal place

Mathematics
2 answers:
Maurinko [17]3 years ago
6 0

Answer:

The APY of the saving account is 4.0474%

Step-by-step explanation:

We know the formula for APY which is given by

APY=(1+\frac{r}{n} )^n-1

here, r= interset rate =  3.9742% = 0.039742

n = compounding cycles = 12

On plugging these values in the above formula, we get

APY=(1+\frac{0.039742}{12} )^{12}-1

On simplifying this we get

APY =0.04047395=4.0474%

LUCKY_DIMON [66]3 years ago
3 0

Answer:

APY = 4.0474%

Step-by-step explanation:

Given is the Annual Percentage Rate (APR) = 3.9742% compounded monthly.

Suppose Principal amount, P = $1.

time, t = 1 year.

interest rate, r = 3.9742% = 0.039742

period of compounding, n = 12 (for monthly).

Future value = P * (1 + r/n)^(nt)

FV = 1 * (1 + 0.039742/12)^(1*12) = 1.040473955

Annual Percentage Growth = (FV/P)*100 = (1.040473955 / 1) * 100 = 4.0473955%

Hence, Annual Percentage Yield (APY) = 4.0474%

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Which compound inequality represented by the graph below?
nekit [7.7K]

Answer: x < -1 or x ≥ 3

Step-by-step explanation:

     First we will look at the left part. The circle is open (not "equal to), arrow is pointing to the left (showing "less than" in this case), and the value is on -1;

         x < -1

     Second, we will look at the right part. The circle is closed (showing "equal to"), the arrow is pointing to the right (showing "greater than" in this case). and the value is on 3;

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     Lastly, we will write the final compound inequality. In this case, we use the word "or" because the solution value is either less than -1 or greater than and equal to 3.

     <em>Note: The word "and" is only used when the "arrows point towards each other" creating a segment, so to say. In this case, they "point away" so we use the word or.</em>

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2 years ago
NEED HELP RN!!!!!
Kazeer [188]

Answer:

4(2n-5)

Step-by-step explanation:

So we know Valerie has 5 less than double the number of brad's books. Brad has n books, so make that 2n to double it.

Because she has 5 less than that, the expression is now 2n-5. The is the total of Valerie's books.

We know that Brad has 4 times the number of Valerie's books, so just multiply that expression by 4.

The final answer is 4(2n-5).

You're welcome. :)

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Answer:

The answer is A because when you do the math you get the answers

7 0
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andrew-mc [135]
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Step-by-step explanation:

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