williemendozaa williemendozaa

12-09-2022
Mathematics

contestada

James invests his money in an account paying 3.7% interest compounded quarterly. What is the effective annual yield on this account?

Respuesta :

magicparkour325 magicparkour325

12-09-2022

Answer:

3.7517%

Step-by-step explanation:

take 3.7 and divide it by 4 to get 0.925

then apply 0.925% to x 4 times to find out the compounded rate

Answer Link

Otras preguntas

Mercury(II) oxide decomposes to produce mercury and oxygen

A company uses a process costing system. its assembly department's beginning inventory consisted of 52,400 units, 75% complete with respect to direct labor and

ASAP help and explain plz

what's the answers to this

What is the rate of change from x = π to x = 2π? A. 8 over pi B. pi over 8 C. negative 8 over pi D. negative pi over 8

A solution that contains a small amount of salt and a large amount of water is said to be a _______ solution. Dilute

Which of the following is an aphorism? A. Too many cooks spoil the broth B. People appreciate random acts of kindness C. Franklin was a creative force in Ameri

Match the following items. 1. used for building 2. covers ocean floor 3. extrusive igneous rock 4. intrusive igneous rock 5. slow cooling 6. fast cooling forme

Amber had 3/8 of a cake left after her party she wrapped a piece that was 1/4 of the original cakefor her best friend what fractional part did she have left for

Please describe at least four examples of the global impact of climate change.