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%
Answer:
associative property
Step-by-step explanation:
it gives the same answer
Answer: D. 5.0 x 104
Explanation: If you move the decimal point over to go behind the 5 you would end up moving it over 4 points
Answer:
b. is the right answer of your question