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.
Time it by the number before hand and you get 8 then 16 then 32 . Think about it it works and it’s a consistent continental
Answer:
The slope is undefined
Step-by-step explanation:
The change in x is 0. So you have change in y over 0, which is undefined.
Answer:
X = d/f - 1
Step-by-step explanation:
You would Isolate the variable by dividing each side by factors that don't contain the variable. Hope this helps
Answer:
104
Step-by-step explanation:
This is not a distributive property question though.
A distributive property has a number (a) outside the parenthesis
a(b+c)
so in this case a(40+64)
then you would multiply a by both numbers
40a+64a
then add them together
104a
However if it is a number outside the parenthesis and not a variable, it will come out different
For example
5(40+64)
(5*40)+(5*64)
200+320
520
Hope this helps!
