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 99 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
Wow, this really help

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Effects of growth rate on development. Effects of growth rate on development.
The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
Mobilize neck in wavelike motion. Return the head to a neutral position facing upward. Apply ... Mobilize neck in wavelike motion. Return the head to a neutral position facing upward. Apply ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library