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:
-0.523
Step-by-step explanation:
log(a/b)=loga-logb
log (0.3) can be written as log (3/10).
=log(3/10)
=log3-log10
=0.477-1 (log3=0.477 and log10=1)
= -0.523
I believe 4, because two times two equals four
Answer:
I can't see the pic at all pls take another one
Step-by-step explanation:
