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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The value of the variable x in the equation –x + 8 + 3x = x – 6 is - 14.
<h3>How to find variable in an equation?</h3>
The variables of an equation can be found as follows:
–x + 8 + 3x = x – 6
The variable in the equation is x.
Therefore,
–x + 8 + 3x = x – 6
combine like terms on the left side
-x + 3x + 8 = x - 6
2x + 8 = x - 6
subtract x form both sides of the equation
2x - x + 8 = - 6
x + 8 = -6
subtract 8 from both sides
x = -6 - 8
x = - 14
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Answer:
3.72769
Step-by-step explanation:
Use tangent - tan74 = 13/x
Solving for x gives you 3.72769
I'm not sure how many decimal places you need, so there are most of them
Hopefully this helps- let me know if you have any questions
