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krek1111 [17]
3 years ago
13

What is the effective annual interest rate of an investment that pays 14.75% per year with a compound frequency n= 2? (Answer pe

rcentage rounded to second decimal place).
Business
1 answer:
finlep [7]3 years ago
4 0

Answer:

15.29%

Explanation:

r = Interest rate = 14.75%

m = Number of times compounding in a year = 2

Effective Annual Rate = (1 + r/m)^m - 1

Effective Annual Rate = (1 + 0.1475/2)^2 - 1

Effective Annual Rate = 1.07375^2 - 1

Effective Annual Rate = 1.1529390625 - 1

Effective Annual Rate = 0.1529391

Effective Annual Rate = 15.29%

So, the effective annual interest rate of the investment is 15.29%

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umka21 [38]

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If lucinda has only $18 to spend and the price of kewpie dolls and the price of beanie babies are both $6, how many of each woul
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Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead b
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Answer:

$9.2 0

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6 0
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Svetach [21]

Answer:

TRUE

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That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
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The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
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7 0
2 years ago
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