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Float rate_of_pay a declaration for a variable rate_of_pay that can hold values like 11.50 or 12.75.
What is float rate_of_pay?
- In contrast to fixed (or unchangeable) interest rates, floating interest rates change on a regular basis. Companies that offer credit cards and mortgages frequently use floating rates.
- Floating rates follow the market, a benchmark interest rate, an index, or both.
Is a fixed or floating rate preferable?
- In a rising rate environment, banks offer fixed rate loans at a higher rate than variable rate loans in order to profit more from the latter when rates rise.
- Fixed rate loans may have interest rates that are 300–350 basis points higher than floating rate loans.
float rate_of_pay
rate_of_pay = 11.50, 12.75;
Learn more about Float rate_of_pay
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Option C is the right answer
½(12) = 6
½(64) = 32
½(30) = 15
½(78) = 39
Answer:
y=-7
Step-by-step explanation:
y-y1=m(x-x1)
y-(-7)=0(x-5)
y+7=0
y=0-7=-7
