Describe how the effective rate of interest of a money market or CD account can be calculated
1 answer:
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Answer:
Step-by-step explanation:
Let's look at the first two, and hopefully you'll be able to figure the rest out:
1. Answer below
The problem asks us to solve for , so that means we need to get
on one side of the equation by itself. To do so, we will need to divide both sides of the equation by
:
2. Answer below
The problem asks us to solve for , so that means we need to get
on one side of the equation by itself. To do so, we will need to add
to both sides of equation: