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.
Answer:
4
Step-by-step explanation:
Answer:
10.50
Step-by-step explanation:
Answer:
41.13 cm
Step-by-step explanation:
ITSSSS RIGHTTTTTTTTT
The first step in solving this problem is taking 2 and 3 and multiplying them (2 * 3 = 6) .
Now, for the second step, we will cube it. Since there are 2 numbers, we are going to use the 2nd root (2sqrt(6)) This will give us: 4.89897948557 or 5 if you would round it. This would be the Geometric Mean.
