What is 9 more than 2 multiplied by f?? i have a test coming up soon
2 answers:
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The effective rate is calculated in the following way:
where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Answer:
11.
12.
13.
14.
15.
16.
17.
18.
Step-by-step explanation:
In all of them you just subtract the bottom exponent from the top exponent.