Craig is considering four loans. Loan L has a nominal rate of 8. 254%, compounded daily. Loan M has a nominal rate of 8. 474%, compounded weekly. Loan N has a nominal rate of 8. 533%, compounded monthly. Loan O has a nominal rate of 8. 604%, compounded yearly. Which of these loans will offer Craig the best effective interest rate? a. Loan L b. Loan M c. Loan N d. Loan O Please select the best answer from the choices provided A B C D.

the answer would be 484

step-by-step explanation:

just multiply 0.484 times 1,000 (formula)

answer:   x = 3 + √11     and     x = 3 - √11

step-by-step explanation:

x² - 6x + 9 = 11

(x - 3)² = 11

x - 3 = ±√11

    x = 3 ± √11

x = 3 + √11     and     x = 3 - √11

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368