When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.
<h3>Effective Annual Rate:</h3>
The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.
Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.
It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.
The effective yearly interest rate rises over time as the number of compounding periods increases.
Therefore, the correct option is A.
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Answer:
The numbers will be "11 and 12".
i believe
Step-by-step explanation:
x(x + 1) > x + x + 1 + 109 where x and x+1 are the 2 numbers.
x^2 + x > 2x + 110
x^2 - x - 110 > 0
(x - 11)(x + 10) > 0 The critical values are 11 and -10 but number must be natural
So the value of x is 11
The numbers are 11 and 12
I believe it'd be the one with the smiley emoji
Based on the information given, the temperature when converted to Fahrenheit will be 104° Fahrenheit.
<h3>
Solving the temperature.</h3>
It should be noted that when converting to Fahrenheit from Celcius, one has to multiply by 1.8 and then add to 32.
In this case, the temperature given in Celcius is 40°. Therefore, the Fahrenheit will be;
= (1.8 × 40) + 32.
= 72 + 32
= 104°F
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