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

Which term refers to the growing cultural and economic differences between the North and South in the years leading up to the Civil War? A) Imperialism B) Natio

Can someone tell me what is 1350 divided by 225 step by step?

-0.4(x+3)=4 answer this problem

Which of these statements is MOST true of Texas after the oil boom of the late 1800s and early 1900s? A: new corporations formed and new infrastructures were bu

How did the first world war change the lives of women in texas?.

Brian has reduced his cholesterol level by 11% after his last check up. If his original level was 260, what is his approximate cholesterol level now

PLEASE HELP!!! ILL GIVE BRAINIEST!!!!!! SHOW UR WORK!! Mr. Chen must wear a dress shirt and a tie to work. Each day he picks one of his 6 ties at random, Des

Identify whether the given sentence is Simple/Complex/Compound: My brother practices drums every day and he is improving.

Assume that a simple random sample has been selected from a normally distributed population and test the given claim. Use either the traditional method or P-val

Please answer the following Question (35 Points)