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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Y = -5x + 12 since the slope of that line is -5x and in order to pass through that point the y intercept must be 12
Is there suppose to be a picture for your question?
This is a statistics problem on permutation and combination. To differentiate this, permutation involves on the arrangement in which order doesn't matter. For combination, order matters.
For example, if you arrange A, B and C, for permutation it could be AB, BA, CA, AC, BC and CB. But for combination, it would just be AB, AC and BC.
So, in this problem where he is asked to arrange 8 jars in which order doesn't matter. It is permutation. You can solve this just by calculator. The formula would be nPr, where n is the total number of items while r is the number of items to be sorted. Thus,
nPr = 10P8 = 1, 814,400
Thus, the answer is B.
