Find the effective annual interest rate for the given nominal annual interest rate. Round your answers to the nearest 0.01%.3.7% compounded hourly (assume 365 days per year)
A. 103.77%
B. 3.82%
C. 3.77%
D. 3.76%
Answer: C
You might also like to view...
Provide an appropriate response.What is wrong with the statement "The line has no slope."?
What will be an ideal response?
Provide an appropriate response.A company advertises an average of 42,000 miles for one of its new tires. In the manufacturing process there is some variation around that average. Would the company want a process that provides a large or a small standard deviation? Justify your answer.
What will be an ideal response?
Solve the problem.Find any local extrema (maxima, minima, or saddle points) of given that
and
A. Local minimum at
B. Local maximum at
C. Saddle point at
D. Saddle point at
Find an equation of the line described. Write the equation in slope-intercept form if possible.Slope - , through (4, 4)
A. y = - x - 18
B. y = - x +
C. y = x -
D. y = - x -