Mathematics, 11.04.2021 08:40, laraejackson75
If the effective annual interest rate of a loan is 14.6%, what is the nominal annual interest rate, correct to one decimal place, if interest compounds monthly?
Answers: 2
![(\sqrt[m]{1 + effective annual interest rate} - 1 \ ) m](/tpl/images/1251/2037/96a9b.png)
![\sqrt[12]{1.146}](/tpl/images/1251/2037/795e9.png)
- 1 ) x 12 = 0.137054 = 13.7%
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 21:00, ballbritez
Which line is parallel to the line that passes through the points (2, –5) and (–4, 1) a. y=-x+5 b. y=-2/3x+3 c. y=2/3x-2 d. y=x+5
Answers: 2
Mathematics, 21.06.2019 21:00, jonquil201
These box plots show the number of electoral votes one by democratic and republican presidential candidates for the elections from 1984 through 2012. which statement best compares the spread of the data sets
Answers: 2
Mathematics, 21.06.2019 22:00, elondamason
Which of these triangle pairs can be mapped to each other using a single translation? cof hn
Answers: 2
Do you know the correct answer?
If the effective annual interest rate of a loan is 14.6%, what is the nominal annual interest rate,...
Questions in other subjects:
Mathematics, 11.09.2019 03:20
Mathematics, 11.09.2019 03:20
Chemistry, 11.09.2019 03:20
Geography, 11.09.2019 03:20
Physics, 11.09.2019 03:20
Mathematics, 11.09.2019 03:20
