megansueholliday megansueholliday

22-02-2024
Mathematics

contestada

Find the APY of 4% APR, compounded monthly.

Respuesta :

jsimpson11000 jsimpson11000

22-02-2024

Step-by-step explanation:

MONTHLY decimal interest = .04/12

Periods 12

APY = ( 1+ .04/12)^12 -1 = .0407 or 4.07 %

Answer Link

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

The kingdom of Zimbabwe traded gold for exotic goods from what country

PLEASE HELP ITS TIMED Which graph has a negative rate of change for the interval 0 to 2 on the x-axis?

ordinary annuity payments are made: a) at the end of the period b)yearly c)monthly d)at the beginning of the period e)none of these

need help pleaseeeeeeee

How are successors to government offices chosen in the United States?

I only need help with the two bottom questions! Please help though!!!

A rock weighing 15.0g is placed in a graduated cylinder, displacing the volume from 25.0 mL to 36.2 mL. What is the density of the rock in grams/cubic centimete

Carl is on the school track team. To prepare for an upcoming race, he plans to run 207 miles total over the next 31 days. Write an equation to determine how man

Using complete sentences, explain how to predict the products and balance the reaction for the combustion of butane, C4H10. C4H10 + O2

Which of the following is not a basic economic goal? growth security demand innovation