Someone help me im trying not to fail this year-
2 answers:
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Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = -1
put here all value
rate of interest = -1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %
Answer:
Step-by-step explanation:
Given
The attached table
This represents an inverse function.
So, we look into x row for its value.
i.e.
Just like (a)
---- by looking into the x rows
So: