Point III is about <em>real interest rate</em>
point I doesn't apply since both nominal and effective ir are calculated by year
let alone the fact that if you look close to those numbers it would probably mean that the loan had 1year and 1 day duration :)
the II answer is the correct one
if the loan is compounded at 6 months you have to add the interest of the first 6 months interest to the total interest to find out the effective interest rate
In graphing or? To answer this you’re going to need to be more specific
Does this answer your question
Distribute the 4:
4z - 20 + 2 = 4z - 18
Subtract 4z
-20 + 2 = -18
-18 = -18
This is true so that means there are infinite number of solutions... z could be anything!
