Answer:
b=40 I just took this quiz
Point III is about <em>real interest rate</em>
point I doesn't apply since both nominal and effective ir are calculated by year
let alone the fact that if you look close to those numbers it would probably mean that the loan had 1year and 1 day duration :)
the II answer is the correct one
if the loan is compounded at 6 months you have to add the interest of the first 6 months interest to the total interest to find out the effective interest rate
Answer:
B StartRoot 3 EndRoot
Step-by-step explanation:
Edge 2020
You will receive 1050 Mexican pesos
Answer:
Step-by-step explanation:
d = - 9
a = 4
n = 95
tn = a + (n - 1)*d
t95 = 4 + (94)*(-9)
t95 = 4 -846
t95 = - 842
