SalimaA322319 SalimaA322319

03-11-2022
Mathematics

contestada

find the annual percentage yield apyA bank offers an apr of 2.5% compounded semiannually

Respuesta :

NoahG514283 NoahG514283

03-11-2022

Apr = 2.5% every 6 months

Use formula

N = N1 ( 1+ 2.5/100)^ 2

APY= (1 + r/2) ^2 - 1

. = ( 1 + 2.5/2) ^2 - 1

. = (2.25)^2 - 1

. = 4.0625

Then answer is

Annual percentage yield

APY = 4.06 %

Answer Link

Otras preguntas

on the graph, sketch f(x)=x+3 as well as g(x)=x

a two digit number has three times as many tens than ones. The difference between the number and twice the reversed number is 15.Find the number

URGENT A 10 M concentrated stock solution of NaCl is used to prepare 3 liters of diluted 1 M solution. Which of the following is true for the process used to ac

HELP PLEASE if a function representing distance (feet) as a function of time (minutes), what does f(30) represent in terms of the situation?

||| Band-aids Soap Ace wrap Gauze rolls POST KNOWLEDGE ASSESSMENT Question 1 All of the following items should be in a first aid kit except:

In chapter 1 of The Time Machine, why might a reader infer that the Time Traveller's guests are flat characters?

During a drought, the water level in a reservoir dropped 3 in. each week for 5 straight weeks. Express the overall change in water level as a signed number.

Question 5 (1 point) Antidiuretic hormone (ADH) and aldosterone are different because O a) one stimulates cells in the distal convoluted tubule and the other st

What is the mathematical relationship between wavelength and energy transmission?.

Recall a journey recently made who accomplished you on the journey did you enjoy compose a short poem about it