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Author Question: A bank offers a 4.75% annual interest rate compounded daily. The periodic interest rate is approximately (Read 256 times)

ss2343

  • Hero Member
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  • Posts: 548
on: May 5, 2020

Question 1

A bank offers a 4.2% annual interest rate compounded monthly. The periodic interest rate is
◦ 0.007%.
◦ 0.35%.
◦ 0.0035%.
◦ 0.07%.
◦ none of these

Question 2

A bank offers a 4.75% annual interest rate compounded daily. The periodic interest rate is approximately
◦ 0.2%.
◦ 0.00013%.
◦ 0.013%.
◦ 0.39%.
◦ none of these
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by ss2343 on May 5, 2020

amanda_14

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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.
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ss2343

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  • Posts: 548
Reply 2 on: May 5, 2020
YES! Correct, THANKS for helping me on my review

Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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