Answer:
7.12
Step-by-step explanation:
The formula for the effective annual yield is given as:
i = ( 1 + r/m)^m - 1
Where
i = Effective Annual yield
r = interest rate = 7% = 0.07
m= compounding frequency = semi annually = 2
i = ( 1 + 0.07/2)² - 1
i = (1 + 0.035)² - 1
= 1.035² - 1
= 1.071225 - 1
= 0.071225
Converting to percentage
0.071225 × 100
= 7.1225%
Approximately to 2 decimal places = 7.12
Therefore, the annual effective yield = 7.12
Have a nice day hope this helps
The answer is 27.2. (meter is bigger)
1 yard = 91.44 centimeters, and 1 meter= 100 centimeters
91.44 * 120 = 10972.8
100*110 = 11000
Answer:
y=5,902,060*(.957)^t
Step-by-step explanation:
Since the original amount would be decreasing and it's an exponential one, hence the "every year", we can determine that it's an exponential decay equation.
The exponential delay equation is y=A*(1-r)^t. The y is the remaining amount, A is the original amount, r is the rate in decimal form, and t is for years. "1-r" is for decreasing rates and "1+r" is for increasing rates.
First thing we need to do is turn the rate, 4.3%, from a percentage to a decimal. You can do this by moving the decimal two places to the right, which gives you 0.043.
Now plug the numbers into the equation.
y=5,902,060*(1-0.043)^t
Simplify what's inside the parenthesis and get your final equation.
y=5,902,060*(.957)^t
If you wanted to compute for your budget for natural gas
this month using the data you have recorded about your consumption of natural gas
for the past four months, the best estimate to be budgeted this month would be
the average consumption for the past 4 months. To get the average, you have to
add the four numbers and divide it by four.
$112
+ $108 + $99 + $89 = $408/4 = $102
