When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.
<h3>Effective Annual Rate:</h3>
The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.
Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.
It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.
The effective yearly interest rate rises over time as the number of compounding periods increases.
Therefore, the correct option is A.
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Answer
the answer is 76%
Step-by-step explanation:
I did all my equations and showed my work
The equation of the line will be y = 4x. Then the correct option is A.
<h3>What is the equation of line?</h3>
The equation of line is given as
y = mx + c
Where m is the slope and c is the y-intercept.
Writing an Equation from a Table
A 2-column table with 6 rows. Column 1 is labeled x with entries 8, 12, 16, 20, 24, 28. Column 2 is labeled y with entries 2, 3, 4, 5, 6, 7.
Then at (2, 8) and (3, 12), we have
y – 8 = [(12 – 8) / (3 – 2)] (x – 2)
y – 8 = 4x – 8
y = 4x
Then the correct option is A.
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Answer:
C
Step-by-step explanation:
It is the exact opposite because when you divide by 4 you go lower and when you multiply by 4 you go higher, thus making them inverse operations
