discodazz9 discodazz9

02-08-2020
Mathematics

contestada

A savings account has a rate of 2.25% . Find the effective annual yield of interest is compounded quarterly

Respuesta :

mathmate mathmate

02-08-2020

Answer:

The effective yield is 2.269% to the thousandth.

Step-by-step explanation:

Effective annual yield compounded quarterly, given API

(1+API/4)^4 - 1

= (1+0.0225/4)^4 - 1

= 0.022691

Answer Link

Otras preguntas

Why was is difficult for the Arab people to form one nation?

Find all powers of 4 in range 4 through 1,000

the cafeteria has 45 square tables that can be pushed together to form one long table for the lacrosse team's banquet. Each square table can seat one person on

A farmer hauled in 120 bales of hay. Each of his cows ate 1 1/4 bales. How many cows the farmer feed?

The length of a diagonal of a cube with edge length 25cm

How did scientists discover the common structure of cells?

Which of the following organisms can perform alcoholic fermentation? (1) yeast, (2) humans, (3) bacteria. a. 1 and 2 b. 1 and 3 c. 1 only d. 1, 2, and 3

Can somoene help me with this question??How might the history of the U.S. have been different if the original thirteen states had been guaranteed a perpetual ma

the cafeteria has 45 square tables that can be pushed together to form one long table for the lacrosse team's banquet. Each square table can seat one person on

Find all powers of 4 in range 4 through 1,000