Solve the problem.Find the effective rate if the nominal rate is 3.5% and interest is compounded quarterly. (If r is the nominal rate and n is the number of times interest is compounded annually, then R = 
n - 1 is the effective rate.) Round to the nearest hundredth of a percent.
A. R = 3.55%
B. R = 4.05%
C. R = 3.30%
D. R = 3.80%
Answer: A
Mathematics
You might also like to view...
Determine the monthly payment for the installment loan. Use the installment payment formula 
A. $870.41 B. $148.10 C. $75.90 D. $248.90
Mathematics
Convert the rectangular coordinates of the point to polar coordinates (r, ?) with r > 0 and 0 ? ? < 2?.(6, -6
)
A. 
B. 
C. 
D. 
Mathematics
Write the complex number in rectangular form.9 cis 240°
A. 
- 
B. - 
+ 
C. - 
- 
D. 
- 
Mathematics
First, use front-end rounding to round each number and estimate the answer. Then, find the exact answer.Julian's grocery bill was $9.32. He gave the clerk a $20 bill. How much change should he receive?
A. Estimate: $11; exact: $10.67 B. Estimate: $11; exact: $9.68 C. Estimate: $11; exact: $10.68 D. Estimate: $9; exact: $9.32
Mathematics