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ryzh [129]
3 years ago
10

A bank quotes an interest rate as 0.06341 annual effective yield. What interest rate, compounded monthly, will provide that

Mathematics
1 answer:
Leviafan [203]3 years ago
4 0

9514 1404 393

Answer:

  0.06164

Step-by-step explanation:

The effective annual rate obtained by compounding nominal annual rate r monthly is ...

  eff rate = (1 +r/12)^12 -1

Then the value of r is ...

  r = 12×((eff rate) +1)^(1/12) -1)

For the given effective rate, that is ...

  r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate

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BabaBlast [244]

Answer:

Do they have enough?

Nope, they don't have enough.

Step-by-step explanation:

They would not have enough because 3/4 times 4 would not equal 5...it would equal 3. Mario and his 3 friends each have 3/4 foot of rope. They needed 5 feet of rope altogether. Do they have enough rope? They would need 2 more feet of rope to complete the 5 feet. But they do not have enough feet of rope to make 5 feet.

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3 years ago
Point K is on line JL. given JL =4x, JK= 2x+3, and KL=x, determine the numerical length of kl​
balandron [24]

Hi! I'm happy to help!

Our total line is JL (4x), and it is split into two parts: JK, and KL. We have our values, and we know that JK+KL=JL, so we can substitute our values and solve for x:

4x=(2x+3)+(x)

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To solve for x, we have to isolate it on one side of the equation.

First, let's subtract 3x from both sides so that we can isolate x:

4x=3x+3

-3x -3x

x=3

<u>So, our x=3, which means that KL=3.</u>

I hope this was helpful, keep learning! :D

5 0
3 years ago
If you buy stocks for $20 per share and then sell it for $2 per share, what be the amount of the capital lost?
MissTica
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2 years ago
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Step-by-step explanation:

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see explanation

Step-by-step explanation:

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