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Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer:
27 days
Step-by-step explanation:
20
÷
= 27
40/100 + 50/100 = 90/100
il lui reste 10/100 ou 21 $
10 % = 21 $
100 % = 210 $
Least is on top, Greatest is on bottom
-24,825
-9.75
-9.7
80