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olasank [31]
3 years ago
7

QUESTION 3.1 POINT

Mathematics
1 answer:
vladimir2022 [97]3 years ago
7 0

9514 1404 393

Answer:

  0.2807

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

  e = (1 +0.25/12)^12 -1 = 0.2807 . . . . . . about 28.07%

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