On Monday in Minneapolis, Minnesota, it was 0 °F

Orlando has a loan with an effective interest rate of 7. 918%, compounded annually. Which of the following must be true? I. In t

svetlana [45]

The correct option is B, II. only.

Given to us,

I. In the effective rate formula, n is equal to one.

Effective interest rate formula,

$r = (1 + \dfrac{i}{n} )^n - 1.$

where,

r is the effective interest rate,

i is the stated interest rate,

n is the number of compounding periods per year.

According to the question the compounding periods per year is not given to us. Also, loans are taken for a longer period of time.

Thus, we can conclude that statement is false.

II. The nominal rate is 7. 918%.

nominal rate = real interest rate + inflation rate,

but as it is not mentioned in the question about the inflation rate. the statement is true to us. Assuming the inflation rate is 0%.

Thus, we can conclude that statement is true.

III. The Federal Funds Rate is static.

This statement is false, as the no information is given about this statement also this can not be concluded through assumption.

Thus, we can conclude that statement is false.

Hence, The correct option is B, II. only.

To know more visit:

brainly.com/question/15846526

4 0

3 years ago

There are 26 third graders and 32 fourth graders going on a field trip. Each van can carry 10 people

nataly862011 [7]

Answer:

Approximately 6 buses

Step-by-step explanation:

If you are wanting know how many vans they are going to need:

26 + 32 -This helps you know how many total kids there are

= 58

58 / 10 -This solves how many buses you'll need

= 5.8 - Round up, and say you need 6 buses.

4 0

3 years ago

Kalani bought 2.5 pounds oranges for $1.58 per pound.how much did kalani spend on oranges ?

Tcecarenko [31]

To find the answer for this simply multiply 2.5 by 1.58

2.5 x 1.58= 3.95

So Kalani spent a total of $3.95 on oranges!

6 0

3 years ago

Read 2 more answers

Can someone please help!!!

RideAnS [48]

Answers:

System 1: x = 3 and y = -5
System 2: x = 1 and y = 2

==========================================================

Explanation:

For now, let's focus on system 1.

We have identical copies of "2y" in each equation, which means that if we were to subtract the equations straight down, then the y terms cancel out. That allows us to solve for x.

The x terms subtract to 7x-x = 6x
The y terms subtract to 0 and go away
The right hand sides subtract to 11 minus (-7) = 11-(-7) = 11+7 = 18

After doing those subtractions, we have the new equation 6x = 18 which solves to x = 3. Divide both sides by 6 to isolate x.

Once we know x, we can find out y.

7x+2y = 11

7(3)+2y = 11

21+2y = 11

2y = 11-21

2y = -10

y = -10/2

y = -5

or we can say

x+2y = -7

3+2y = -7

2y = -7-3

2y = -10

y = -10/2

y = -5

We should lead to the same y value either way. This helps confirm we have the correct x value.

Overall, the solution to system 1 is (x,y) = (3, -5)

----------------------------

Now onto system 2.

Unfortunately, we don't have identical y terms this time. But what we can do is double everything in the second equation to go from -x+y = 1 to -2x+2y = 2.

The new equivalent system is

$\begin{cases}7x+2y = 11\\-2x+2y = 2\end{cases}$

Now we have the same situation as before: Subtract straight down, solve for x.

The x terms subtract to 7x-(-2x) = 7x+2x = 9x
The y terms go away when subtracting
The right hand sides subtract to 11-2 = 9

So we have 9x = 9 and that solves to x = 1.

We'll use this x to find the y value.

7x+2y = 11

7(1)+2y = 11

7+2y = 11

2y = 11-7

2y = 4

y = 4/2

y = 2

Or you could pick on the second equation

-x+y = 1

-1+y = 1

y = 1+1

y = 2

6 0

2 years ago

A company produces x units of a product per month, where C(x)

timurjin [86]

P(x)=R(x)-C(x)
=(-0.5x²+800x-100)-(300x+250)
=-0.5x²+800x-100-300x-250
=-0.5x²+800x-300x-100-250
=-0.5x²+500x-350 (2)

3 0

3 years ago