Solve the problem.An amount is invested at 7% per year compounded continuously. What is the effective annual yield?

A. 6.87%
B. 6.77%
C. 7.25%
D. 7.21%


Answer: C

Mathematics

You might also like to view...

Determine which region, I through VII, the indicated element belongs.The chart that follows shows people's loyalty to specific grocery stores. In the Venn diagram given, the set indicated as Year 1 represents the set of grocery stores listed in the table under Year 1, and so on.Markette

A. VI B. I C. II D. VII

Mathematics

Provide an appropriate response.Find the area of a sector of a circle with a radius of 4 inches and a central angle of 45° (round to hundredths).

Fill in the blank(s) with the appropriate word(s).

Mathematics

Factor by grouping.20x2 - 12xy - 25xy + 15y2

A. (20x - 5y)(x - 3y) B. (4x - 5)(5x - 3) C. (4x + 5y)(5x - 3y) D. (4x - 5y)(5x - 3y)

Mathematics

Solve.A recipe calls for   L of water and   L of milk. If the recipe is doubled, how much liquid will be needed?

A.  L
B.  L
C.  L
D.  L

Mathematics