This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Annual Percentage Yield (APY) is the true rate of return of an investment. It is calculated by ... (Read 122 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 24, 2018
The Annual Percentage Yield (APY) is the true rate of return of an investment. It is calculated by adding in the hidden costs not advertised by the lending institution. The more compounding periods per hear, the higher the APY.
  Indicate whether the statement is true or false

Question 2

Compute the arithmetic mean of the following numbers: (Round to two decimal places) 912.55, 549.01, 906.88, 456.31, 231.74, 782.45, 335.98, 154.46


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

541.17


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 24, 2018
:D TYSM

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Changes in metabolic rate of selected structures in a mammal's body during different activities Changes in metabolic rate of selected structures in a mammal's body during different activities
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
What Percentage of U.S. Married Women Ages 40-44 Have Never Given Birth? What Percentage of U.S. Married Women Ages 40-44 Have Never Given Birth?
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library