Answer:
Step-by-step explanation:
The answer is .1391
Hope this helps!
(If your confused, I just put this in a calculator)
4 1/3 would be the answer. Hope that helps you!
Ni is not correct. To solve
the equivalent quarterly interest rate, the annual interest rate should be multiplied
by the correct ratio. Since the annual interest rate is 4% per year. So in 1 quarter
is equal to 0.25 year.
<span>(4% / year) (0.25 year/ 1
quarter) = 1% per quarter</span>
The answer is D
Have you ever heard of rise over run rise/run
Y/x. Well in this case the run is One with a rise of four