What is the effective annual rate for an APR of 10.60 percent compounded quarterly?

Answers

Answer 1

Answer:

The effective annual rate is 11.03%

Step-by-step explanation:

The effective interest rate is calculated through the formula:

[tex]r = (1 + i/n)^n - 1[/tex]

In this formula, r represents the effective interest rate, i represents the stated interest rate or APR, and n represents the number of compounding periods per year.

For a quarterly compounded interest, n=4. The APR i=10.60%=0.106

Given an APR r, the effective annual rate for a quarterly compound is:

[tex]r = (1 + 0.106/4)^4 - 1=1.0265^4-1[/tex]

[tex]r=1.11029-1=0.1103[/tex]

The effective annual rate is 11.03%


Related Questions

Jan has a curtain that is 1 ¾ yard long. She wants to increase the length of the curtain by ⅓ of a yard. Jan has ⅞ of a yard of lace. She plans to cut a piece from the lace and sew it onto the bottom of the curtain.

How long will the curtain be after Jan adds the lace? Show your work.




How much lace will be left after Jan cuts the piece off to add the curtain? Show york work.

Answers

Answer: A) 2 1/12 yards

B) 13/24 yards

Step-by-step explanation: A)

1 3/4 = 7/4 + 1/3 =

7/4(3/3) + 1/3(4/4)=

21/12 + 4/12 = 25/12 = 2 1/12 yards

B)

7/8 - 1/3 =

7/8(3/3) + 1/3(8/8)=

21/24 - 8/24 = 13/24 yards

Find n(A) for the set.
A={-6, -5, -4, ..., 0}
A. n(A) = 7
B. n(A) = 6
C. n(A) = 4
D. n(A) = 1

Answers

Answer:

A. n(A) =7.

Step-by-step explanation:

A= ( - 6, - 5,- 4,-3,-2,-1,0)

cindy wants to bake cookies for her sister's birthday. she needs 2 1/2 cup all purpose flour but she only have 3/4 cup on the cabinet. how may more cup of flour she need to attain the desirable consistency?​

Answers

Answer:

7/4 cups.

Step-by-step explanation:

2 1/2-3/4

5/2-3/4

10/4-3/4

7/4

Which expression is represented by the phrase “the square of y decreased by quotient of 36 and 6”?

Answers

Answer:

√y-6

Step-by-step explanation:

36/6=6

36 is the dividend, 6 is the divisor and 6 is the quotient.

Answer:y^2-6 step by step

Step-by-step explanation:

A dilated image can turn from it's original position

Answers

I’m confused by this could u tell me more with what you need help with?

what is the solution to this inequality . 4x+1>9x+16​

Answers

Answer:

x < -3

Step-by-step explanation:

4x + 1 > 9x + 16​

-15 > 5x

-3 > x

I was wondering what to pick for my next subjects i just did math and science

Answers

Chorus or you can just work in McDonald

3.) rewrite r(x) in expanded form

Answers

Answer:

Step-by-step explanation:

r(x)= (x-3)(x+5)

= x²+5x-3x-15

=x²+2x-15

Answer:

[tex]{\huge{\pink{\underline{\underline{QuEsTiOn}}}}}[/tex]

rewrite r(x) in expanded form

[tex]{\huge{\pink{\underline{\underline{SoLuTiOn}}}}}[/tex]

[tex](x-3)(x+5)\\

=>x(x + 5) - 3(x + 5) \\

= > {x}^{2} + 5x - 3x + 15\\

=> {x}^{2} + 2x + 15 [/tex]

name 3 lines that are not perpendicular to y=2x-3

Answers

y=−1/2x+6 y
−2x=3
need to find a perpendicular line to this line that passes through the point (2,5) y=−1/2x+6
Added the 5
from the left side.

Can you give me the Answers for Estimating 92 × 68

Answers

Answer:

The answer is 6256 of this question

Answer:

6,256

Step-by-step explanation:

Mary paid $349.99 for 6 patio chairs. How much did each chair cost her?

Answers

Answer:

Are you serious?

Step-by-step explanation:

That's pretty much unanswerable.

Answer:

$58.33 per chair

Step-by-step explanation:

-3-(3-10)
can someone help me find the answer to this integer problem plz​

Answers

question likh kar bhej dijiye

I think it’s 4 but I’m not sure;)

What is the answer to 5x-10<20

Answers

Answer:

awts gege masakit walangya 123456880

CAN U HELP ME PLEASE​

Answers

Answer:

7

Step-by-step explanation:

I believe it is 7. I assume this "displacement" graph shows how off the car is on the road, so when it reaches 0 again it is back to its original position. This happens at second 7

james recpe call 6/8 cup of milk

Answers

Answer:

3/4 cup is also an equivalent fraction for 6/8

Step-by-step explanation:

Write 13/3
as a decimal. If necessary, use a bar to indicate which digit or group of digits repeats.

Answers

Answer:

4.333...

Step-by-step explanation:

how much kinetic energy does a 4 kg cats have while at 9 m/s​

Answers

Answer:

162 Joules

Step-by-step explanation:

Remember, the equation for the kinetic energy of an object is:

[tex]K=\frac{1}{2}mv^{2}[/tex]

where m is the mass of the object in kg (kilograms), v is the velocity of the object in m/s (meters per second), and K is the kinetic energy of the object in J (joules).

We are given that the cat's mass is 4 kg. We will use this for m. We are also given that the cat is moving at 9 m/s. This would be it's speed. We can use this for velocity, or v. Plugging in we get:

[tex]K=\frac{1}{2}mv^{2}=\frac{1}{2}(4)(9)^{2}=(2)(81)=162[/tex]

So K, or the kinetic energy, would be 162J.

I hope you find my answer and explanation to be helpful. Happy studying.

Round 3,689,423 to the nearest hundred thousand.

Answers

Answer:

your answer would be 3,700,000

Step-by-step explanation:

hope it helps

Help!


How to get over a huge crush

Answers

Answer:

there are cute boys on Tik-tok or you can try and think about something happy

Step-by-step explanation:

The only way to get over it is to tell them how you feel. It doesn’t matter if they reject you, what’s important is that you now can let go

Consider matrix A.
What matrix results from the elementary row operations represented by −2R2+3R1?

Answers

Answer:

[tex]A = \left[\begin{array}{ccc}-3&3&2\\-25&-13&0\end{array}\right][/tex]

Step-by-step explanation:

Given the matrix

[tex]A = \left[\begin{array}{ccc}-3&3&2\\8&-1&3\end{array}\right] \\R1 = -3, 5, 2\\R2 = 8, -1, 3\\\\[/tex]

Before we can get the resulting matrix after the elementary operation, we need to get the new second row using the formula −2R2+3R1?

when R1= -3, R2 = 8

−2R2+3R1? = −2(8)+3(-3)

−2(8)+3(-3) = -16-9

−2(8)+3(-3) = -25

R1= 5, R2 = -1

−2R2+3R1? = −2(-1)+3(5)

−2(-1)+3(5) = 2-15

−2(-1)+3(5) = -13

when R1= 2, R2 = 3

−2R2+3R1? = −2(3)+3(2)

−2(3)+3(2) = -6-6

−2(3)+3(2) = 0

Hence the new R2 are -25, -13, 0

The resulting matrix will be:

[tex]A = \left[\begin{array}{ccc}-3&3&2\\-25&-13&0\end{array}\right][/tex]

Answer:

-25 17 0

 8  -1   3

Step-by-step explanation:

Which is a unit rate?

Answers

Answer:

15 miles per gallon

Step-by-step explanation:

unit rates compare units of one quantity to A SINGLE unit of another quantity

Answer:

15 miles per gallon.

Step-by-step explanation:

When it comes to unit rate, you are trying to find 1 of something. These typically have words like 'per'.

Office Mac purchases packs of pencils from the Manufacturer for $2.00 and applies a mark-up of 40%. How much do they actually sell the pencils for?

a. $2.00

b. $0.80

c. $2.80

d. $1.20

Answers

Answer:

the answer is b

Step-by-step explanation:

because

mark-up=    profit    

                cost * 100%

making it:

40% =      0.80    

           2.00 * 100%

HELP NEEEDEDDDD!!!!!!

Answers

Answer:

The answer is the middle one or B)

Step-by-step explanation:

The answer to the question is 63, and 21 times 3 is its simplest form.

Answer:

[tex]7 \sqrt{3} \times 3 \times \sqrt{3} = 7 \times 3 \sqrt{3} \times \sqrt{3} = 21 \times { \sqrt{3} }^{2} = 21 \times 3[/tex]

fr tho help im slow don't skip gracias
The dosage for a medication is increased from 20 mg (milligrams) to 30 mg. What is the percent increase in the dosage?

Answers

Answer:

the percent increased in the dosage is 2%

Help me solve this what is 3 divided by 4.236

Answers

Answer:

3/4.236=0.70

Step-by-step explanation:

0.70 percent is the answer hope this helped

if given f(x)=2x+5 what is f(x)=17

Answers

Answer:

39

Step-by-step explanation:

F(17)= 2(17)+5

2x17=34 +5=39

Franco has a hat with 9 blue marbles, 4 yellow marbles, and 12 green marbles. He designs a binomial experiment by drawing a marble from the hat, recording whether the marble is green, and then laying the marble aside. He then repeat the process seven times. Which statement must be true?
A. The experiment is not a binomial experiment because there is not a fixed number of drawings.
B. The experiment is not a binomial experiment because the probability of choosing a green marble is the same for each drawing.
C. The experiment is not a binomial experiment because the probability of choosing a green marble is not the same fo each drawing.
D. The experiment is not a binomial experiment because there are only two possible outcomes for each drawing.​

Answers

Answer:

C: The experiment is not a binomial experiment because the probability of choosing a green marble is not the same for each drawing.

Step-by-step explanation:

Just took the Binomial Distribution Quiz on Edge.

The experiment is not a binomial experiment because the probability of choosing a green marble is not same for each drawing

What is binomial experiment ?

An experiment consisting of a fixed number of independent trials each with two possible outcomes, success and failure .

The experiment is not  a binomial experiment because the probability of choosing a green marble is not the same for each as after drawing the marble from hat , he is laying the marble aside and not putting it back into the hat  which altered the probability every time because total number of marbles are decreasing after every turn of drawing.

hence , correct answer is

option c

lets us learn more about Binomial Experiment

https://brainly.com/question/15351475?referrer=searchResults

#SPJ2

Seventy students tried out for volleyball but only 20% of those students made the team. How many student's made the team?

Answers

Answer:

14 students

Step-by-step explanation:

dont ask i just know

Answer:

14 Students made the team.

Step-by-step explanation:

There are different ways to solve percentages, but I only use one.

[tex]\frac{20}{100}[/tex] • [tex]\frac{x}{70}[/tex] So you cross multiply 20 and 70 which is 1400. Then you divide 1400 by 100 which is 14.

Find the sum.
(n+8)+(n−12)
=

Answers

n=2

Reorder terms:

(8+n)+(n-12)=0

Remover first parentheses :

8+n+(n-12)=0

Reorder (again):

8-12+n+n=0

Simplify:

-4+2n=0

Add 4 to both sides:

2n=4

Divide and you’re done!

n=2

Determine which of the values is a solution of 16 <3y + 4.

Answers

Answer:

y > 4

Step-by-step explanation:

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