Answer:C (-2, 1)
Step-by-step explanation:
Answer:
b
Step-by-step explanation:
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Answer:
1/7
Step-by-step explanation:
- I can't really tell what the fraction you have is, I am assuming it is 2/14. If that is correct, simplify by finding a common number.
- Ask yourself, what can both be divided by? (Answer is 2)
- Knowing both simplify by 2, divide the numerator (top) and denominator (bottom) by 2.
- You should get 1/7 (2/2 = 1 and 14/2 = 7)
- If you have any further questions on this topic please let me know. I would be glad to help anytime!
When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.
<h3>Effective Annual Rate:</h3>
The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.
Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.
It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.
The effective yearly interest rate rises over time as the number of compounding periods increases.
Therefore, the correct option is A.
Learn more about the loans here:
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