Calculate the nominal rate of interest corresponding to the given effective rate.4.89% with interest compounded monthly.

A. ? 4.76%
B. ? 4.88%
C. ? 4.85%
D. ? 4.78%

Answer: D

Mathematics

You might also like to view...

Perform the indicated operation. +  - 

A.
B.
C.
D.

View
Mathematics

Find the principal P that will generate the given future value A.A = $10,000 at 10% compounded quarterly for 7 years.

A. $8412.65 B. $19.34 C. $5008.78 D. $19,964.95

View
Mathematics

Use the formula for the sum of the first n terms of a geometric sequence.Find .

A. -5462 B. 2730 C. -10,922 D. -2730

View
Mathematics

Graph the given absolute value function and state its domain and range.f(x) = - - 4

A. Domain: (-?, ?)
Range: [-4, ?)

B. Domain: (-?, ?)
Range: [-4, ?)

C. Domain: (-?, ?)
Range: (-?, -4]

D. Domain: (-?, ?)
Range: (-?, -4]

View
Mathematics