Solve the problem.The State Employees' Credit Union offers a 1-year certificate of deposit with an APY (or effective rate) of 5.5%. If interest is compounded quarterly, find the actual interest rate. Round to the nearest tenth of a percent.
A. 6.4%
B. 5.1%
C. 5.4%
D. 5.6%
Answer: C
Mathematics
You might also like to view...
Find the derivative.y = 
A. y' = 
B. y' = 
C. y' = 
D. y' = 
Mathematics
Solve the variation problem.The weight of an object on the moon varies directly as its weight on earth. A person who weighs 123 lb on earth weighs 24.6 lb on the moon. How much would a 186-lb person weigh on the moon?
A. 37.2 lb B. 0.2 lb C. 930 lb D. 333.6 lb
Mathematics
Solve the equation.x4 + 256 = 32x2
A. -4, 0, 4 B. -4, 4 C. -4 D. 4
Mathematics
Find the slope and the y-intercept from the equation of the line. Sketch a graph of the equation.y = 2
A. m = 0; y-intercept = none
B. m = undefined; y-intercept = none
C. m = 0; y-intercept = 2
D. m = undefined; y-intercept = 2
Mathematics