Solve the problem.Determine the effective annual yield for $1 invested for 1 year at 2.5% compounded quarterly.
A. -7.48%
B. 2.52%
C. 12.52%
D. 1.25%
Answer: B
Mathematics
You might also like to view...
Translate to a proportion and solve. When necessary, round to the nearest hundredth.105 is what percent of 100?
A. 10.5% B. 1.05% C. 5% D. 105%
Mathematics
Solve the equation.2(12 - 2x) = 64
A. 32 B. 6 C. 3 D. -3
Mathematics
Write a sentence that expresses the relationship in the formula, using the language of variation or proportion.I = PRT, where I is the simple interest on a principal of P dollars at a rate of interest R per year
What will be an ideal response?
Mathematics
Solve by using the quadratic formula.4k2 - 35k - 9 = 0
A. -4, 9
B. 
, - 
C. - 
, 9
D. - 
, 4
Mathematics