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

Author Question: Find the APY for an APR of 4.5% compounded continuously. (Read 34 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: May 5, 2020

Question 1

A bank offers a 3.75% annual interest rate compounded monthly. The APY is approximately.
◦ 3.8212%
◦ 3.8151%
◦ 3.8031%
◦ 3.7852%
◦ 3.7500%

Question 2

Find the APY for an APR of 4.5% compounded continuously.
◦ 4.5940%
◦ 4.5506%
◦ 4.5765%
◦ 4.6028%
◦ 4.5000%
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lidoalex on May 5, 2020

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


lidoalex

  • Member
  • Posts: 538
Reply 2 on: May 5, 2020
Gracias!

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

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

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Because of immature visual-motor coordination, young children find it hard to throw and catch small ... Because of immature visual-motor coordination, young children find it hard to throw and catch small ...
Find the speed after 40.0 min if the initial speed is 3250 rev/min Find the speed after 40.0 min if the initial speed is 3250 rev/min
How to find the quartiles and percentiles for a data set How to find the quartiles and percentiles for a data set
How to find the components of a vector found in the first quadrant How to find the components of a vector found in the first quadrant
From the following function, find the value of a, so that the AROC From the following function, find the value of a, so that the AROC
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library