What is the effective interest rate corresponding to the nominal rate of 5% compounded monthly?

What will be an ideal response?


Trades & Technology

You might also like to view...

Which statement below regarding airborne asbestos is correct?

A) The EPA requires that asbestos materials be "wetted" to prevent airborne particles. B) HEPA filter vacuums are not sufficient to prevent airborne asbestos contamination. C) Large and small asbestos particles must all be disposed of as hazardous waste. D) It is easy to tell which friction materials will produce asbestos dust.

Trades & Technology

While materials that contain asbestos are processed, shaped, or cut:

A) An exhaust blower system using a 5% efficient filter must be operating. B) An exhaust blower system using a 7% efficient filter must be operating. C) An exhaust blower system using a HEPA filter must be operating. D) An exhaust blower system using a 50% efficient filter must be operating.

Trades & Technology

Technician A says a tailor welded blank joint is a good location to make a sectional replacement weld seam. Technician B says that when making a butt joint with backing, the size of the insert should always be at least 76 mm (3 inches) long. Who is correct?

A. Technician A only B. Technician B only C. Both Technicians A and B D. Neither Technician A nor B

Trades & Technology

While having a discussion, Technician A says that brinelling is when pieces break away from the bearing metal. Technician B says that spalling is when pieces break away from the bearing metal. Who is correct?

A. A only B. B only C. Both A and B D. Neither A nor B

Trades & Technology