All categories

3 years ago

When calculating the effective rate of a loan, which statement or statements must be true if n is equal to 1?

Mathematics

2 answers:

Tresset [83]3 years ago

6 0

Answer:

Step-by-step explanation:

Vlad [161]3 years ago

3 0

Answer:

Choice A is correct

Step-by-step explanation:

When calculating the effective rate of interest of a loan, the nominal rate of interest will be equal to the effective rate and the interest is compounded annually in the event that n is equal to 1.

If the duration of the loan, n, is 1 then the nominal rate and the effective rate will always be equal. Moreover, the interest rate charged on the loan is usually stated as an Annual Percentage Rate (APR) of charge compounded annually

You might be interested in

Arc length

Natali5045456 [20]

Answer:

Step-by-step explanation:

hello :

The circumference of the circle is 6π inches

The length of the arc is (340/360)×6π = 17.8 inches

(The complete circumference would cover 360°. Angle ALB is 340°)

8 0

2 years ago

Find the pattern and identify the next 3 terms in the sequence<br>5, -10, 20...

Marta_Voda [28]

Answer:

-40, 80, -160

Step-by-step explanation:

5(-2)^n-1

where n is the position

6 0

2 years ago

The marked price of a water cooler is $ 500. The shopkeeper offers an off-season discount of 15% on it. Find the discount.

Fittoniya [83]

Answer:

75 dollars

Step-by-step explanation:

You know that 500=100%, so we can set up the following

15%(500/100%) = 75

so the discount 75 dollars

5 0

2 years ago

Classify the number 5.923076923076

lara [203]

Answer:

Step-by-step explanation:

4 0

3 years ago

Which point is an x-intercept of the quadratic function f(x) = (x + 6) X – 3)?

Anni [7]

Answer:

(-6, 0) and (3, 0)

Step-by-step explanation:

I think you meant f(x) = (x + 6)(x - 3). This graph intersects the x-axis in two places: (-6, 0) and (3, 0). These are the "x-intercepts."

5 0

2 years ago