9514 1404 393
Answer:
12.1204%
Step-by-step explanation:
The nominal annual rate is 4 times the effective quarterly rate:
(1 +0.12/12)^3 = 1.030301
so the effective quarterly rate is 3.0301%.
The equivalent annual rate compounded quarterly is 12.1204%.
Answer:
4
Step-by-step explanation:
hope this helps!
Answer:
9
Step-by-step explanation:
Set it up as the following -
3:8 = x:24.
Now cross multiply - 3 * 24 = 8x
72 = 8x
Now divide both sides by 8.
9 = x
V = -5 because you subtract 4 from both sides then divide both sides by -7 and you get -5
<u>Understanding:</u>
The sum of a geometric series is, 
, with a being the start point and r is the common ratio. We can also use the following formula to make life easier 
, a is your start point, r is the common ratio, and n is the number of terms, which in our case is S7.
<u>Solution:</u>
Our start point is 1, 
,
The common ratio is 5, 
,
And finally, the number of terms is 7, 
.
The answer is [A] 19531.
