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gogolik [260]
3 years ago
15

Bank B pays 5.9% annual percentage rate compound semiannually what is the effective annual yield round to the nearest hundredth

Mathematics
1 answer:
Katen [24]3 years ago
4 0

9514 1404 393

Answer:

  5.99%

Step-by-step explanation:

The relationship between the effective annual yield (e) and the nominal annual interest rate (r) compounded n times per year is ...

  e = (1 +r/n)^n -1

For r = 5.9% and n = 2, the effective rate is ...

  e = (1 +0.059/2)^2 -1 = 0.059870 ≈ 5.99%

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Answer:

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Step-by-step explanation:

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In exponetial form, this looks like:

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Now lets cube the 5:

125=\frac{2x-4}{5}

Next, we can multiply the denominator on the right side by 5:

625=2x-4

We need to now get x alone by adding 4 to both sides:

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kirill115 [55]

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Step-by-step explanation:

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24 = -6(m) + -6(1) + 18 (Distributive Property of Equality)

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