It is called effective interest rate.
For example, you invest in a bond wich pays 5% annual interest rate and it compounds semiannually.
The first semester you win 2.5% over the capital invested and in the second semester you win 2.5% over the capital plus the interested earned in the first semester. Then the effecive interest rate is higher than 5%.
Answer:
C
Step-by-step explanation:
negatives 0(zero) positives
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They're equal because 1% = 0.01 .
You are permitted to give up to $13,000 each year to any individual
without acquiring gift tax liability. So, Barry and Mary each can gift $13,000
to anyone of their choosing. For eight recipients (3 children and 5
grandchildren), each can gift $104,000. Consequently, Barry and Mary can offer
$208,000 ($104,000 x 2) to their children and grandchildren in 2013.
Answer:
-y^4+4y
Step-by-step explanation:
Use the distribution method.