1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
malfutka [58]
3 years ago
9

PLEASE HELP I NEED THIS DONE Chan deposited money into his retirement account that is compounded annually at an interest rate of

7%. Chan thought the equivalent quarterly interest rate would be 2%. Is Chan correct? If he is, explain why. If he is not correct, state what the equivalent quarterly interest rate is and show how you got your answer.
Mathematics
1 answer:
rjkz [21]3 years ago
8 0

Answer:

No, equivalent quarterly rate will be approx 1.75%

Step-by-step explanation:

Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.

We know that there are 4 quarters in 1 year.

So to find that equivalent quarterly we will divide given yearly rate by number of quarters.

That means divide 7% by 4.

which gives 1.75%.

But that is different than Chan's though of 2% quarterly interest.

Hence Chan is wrong.

You might be interested in
Which would be the correct answer!
Blizzard [7]

Answer:

I think also option c ok

8 0
3 years ago
An item is priced at $14.32. If the sales tax is 6%, what does the item cost including sales tax
Elina [12.6K]

Answer:

15.1792 or 15.18

Step-by-step explanation:

14.32 timex 6% or .06 is 0.8592. You add .8592 to 14.32 and get 15.1792 or 15.18 :)

8 0
3 years ago
Read 2 more answers
What is the vertex of the graph of f(x) = |x 3| 7? (3, 7) (7, 3) (–3, 7) (7, –3).
KatRina [158]

The vertex of the given modulus function is (3,-7).

Given information:

The given modulus function is,

f(x)=|x-3|-7

It is required to find the vertex of the given function.

<h3>What is the vertex of a modulus function?</h3>

Modulus function is in the shape of V. The notch of V is the vertex of the function.

The given function can be defined as,

f(x)=x-10;x\geq3\\&#10;f(x)=-x-4;x

From the above function, it can be concluded that the vertex of the function should be (3,-7). Also shown in the attached image.

See the attached image.

Therefore, the vertex of the given modulus function is (3,-7).

For more details about modulus function, refer to the link:

brainly.com/question/18793028

5 0
3 years ago
Read 2 more answers
Can you help me with this?<br> (I will give one of you brainliest)
Degger [83]

Answer:

1) \sqrt{9} and \sqrt{16} (between 3 and 4)

Explanation: \sqrt{9} and \sqrt{16} are the closest WHOLE squares root to \sqrt{12}; any other square roots wouldn't give us a whole number, or they're farther away from

2) -\sqrt{144} and -\sqrt{169} (between -(12) and -(13))

3) -\sqrt{36} and -\sqrt{49} (between -(6) and -(7))

8 0
3 years ago
Read 2 more answers
18z 2+17z+4 I need to know what this is
balandron [24]

Answer:

18z 2+17z+4

Step-by-step explanation:

it hard try to give more point

4 0
3 years ago
Other questions:
  • D^-2(d^3)^4/d^5= ???<br> I think it is d^5 but I’m not sure
    10·1 answer
  • Which complex number will be plotted below the real axis and to the right of the imaginary axis?
    13·2 answers
  • A skeptical paranormal researcher claims that the proportion of Americans that have seen a UFO, p, is less than 2 in every ten t
    8·1 answer
  • Find the width of a rectangle is the perimeter is 56 cm and the length is 15 cm.
    9·1 answer
  • Another challenge for you guys​
    7·2 answers
  • Write the expression 12^-2 in simplest form.
    5·1 answer
  • HURRY!! 20 POINTS!! What is the solution set of the equation x+3/x+2=3+1/x? Note: x≠0, −2
    13·1 answer
  • What is the slope of 12,-10 and 15,-8
    6·2 answers
  • Part C
    15·1 answer
  • Carbon-14 has a half-life of 5730 years. How long will it take for 180 grams to decay to 100 grams?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!