Find the effective rate of interest.6% compounded monthly

A. 6.43%
B. 6.25%
C. 6.39%
D. 6.29%

Answer: A

Mathematics

You might also like to view...

Solve.The difference of the reciprocals of two consecutive integers is . Find the integers.

A. 7 and 8 or -7 and -8 B. 28 and 29 or -28 and -29 C. 8 and 9 or -8 and -9 D. 6 and 7 or -6 and -7

View

Mathematics

Find the volume of the solid generated by revolving the region about the given line.The region bounded by the line , by the curve , by the line , and by the line about the line .

A. 24? B. 48? - 32 C. 24? - 64 D. 8?

View

Mathematics

Rewrite the expression as the sum and/or difference of logarithms, without using exponents. Simplify if possible.log2

A. log₂m +  log₂n -  log₂k
B. 5 log₂m + 9 log₂n - 2 log₂k
C. log₂m +  log₂n - 2 log₂k
D. log₂m ?  log₂n ÷ 2 log₂k

View

Mathematics

Write the binomial expansion of the expression.(5x + 3)4

A. 625x3 + 1500x2 + 1350x + 540 B. (25x2 + 15x + 9)4 C. 1875x4 + 4500x3 + 1350x2 + 1620x + 81 D. 625x4 + 1500x3 + 1350x2 + 540x + 81

View

Mathematics