Answer: Each payment is $171
Step-by-step explanation:
2052 / 12 = 171
Each payment is $171
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.
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Answer:
old
Step-by-step explanation:
idk because I'm just to pit down this because we haven't learned this yet
We first assume that this gas is an ideal gas and we use the ideal gas equation to determine the answer. It is expressed as:
PV = nRT
Molar volume can be obtained from the equation by V/n.
V/n = RT/P
Therefore, the correct answer from the choices listed above is option A, <span>at 273 K and at 2.0 atm.</span>
