Answer:
1. The nominal interest rate is 16.67%
2. The effective interest rate is 4.17%
Step-by-step explanation:
1.firstly we use the information given:
face value of bill is$100 which is denoted by Fv below.
$96 is the present value Pv of the bill denoted below.
thereafter we have n the number of periods of compounding which is 1 period.
we use the following formula for this problem to find i the nominal interest rate:

then we substitute the above mentioned values.
$100 = $96 ( 1+i/m)^1 divide both sides by $96
(100/96) = 1+ i/4 then subtract both sides by 1
(100/96)- 1 = i/4
0.0416666666667 = i/4 then multiply by 4 both sides as this was compounded quarterly so four times a year then multiply by 100 for percentage.
16.67% = i which is the nominal interest rate
2. 
ieffective= (1+16.67%/4)^1 - 1
ieffective = 4.17%
Answer:
Not enough info.
Step-by-step explanation:
Not enough information, how big is the fence perimeter wise? What is the shape of the fence? If the fence is square and 2,000 feet long, of course there's room. If its a square fence that's 2 feet long, there is no room at all.
Answer:
Answer B or 1,050
Step-by-step explanation:
This is based of what someone is saying so there
Answer:
200 paradise
Step-by-step explanation: