1. A=(0,4)
2. B=(4,1)
3. Slope=-3/4
Is 16.2 because 3 goes in to
48.6 16.2 times
9514 1404 393
Answer:
0.06164
Step-by-step explanation:
The effective annual rate obtained by compounding nominal annual rate r monthly is ...
eff rate = (1 +r/12)^12 -1
Then the value of r is ...
r = 12×((eff rate) +1)^(1/12) -1)
For the given effective rate, that is ...
r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate
Let us do it by converting the 0.4 to a fraction, it has one decimal, so we'll use one zero at the denominator.
and 9.21 to a fraction as well, two decimals, thus two zeros at the denominator then,