Answer:
The answer is C.24 - 9x3 - 8x2 + 15x
9514 1404 393
Answer:
0.06164
Step-by-step explanation:
The effective annual rate obtained by compounding nominal annual rate r monthly is ...
eff rate = (1 +r/12)^12 -1
Then the value of r is ...
r = 12×((eff rate) +1)^(1/12) -1)
For the given effective rate, that is ...
r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate
the answer is 89
Step-by-step explanation:
it does not matter if the number is negative the absolute value is the number inside the lines
