Solve the problem.Find the effective rate corresponding to the nominal rate. 6% compounded monthly. Round to the nearest hundredth.

A. 6.17%
B. 6.12%
C. 6.26%
D. 6.23%


Answer: A

Mathematics

You might also like to view...

Solve the problem.In a regular polygon with n sides, if the distance from the center to the midpoint of a side is R and ? is the central angle subtended by one side, then the length of a side x is given by  Solve for ?.

A. ? = cot-1 
B. ? = 2 tan-1 
C. ? = tan-1 
D. ? = 2 cot-1 

Mathematics

Find percent notation.8.0

A. 0.8% B. 800% C. 80% D. 0.008%

Mathematics

Solve the problem.Find two consecutive integers whose product is 20.

A. -4, -5 B. 4, 5 C. 4, -5 D. 4, 5 or -4, -5

Mathematics

Find the coordinates of the vertex of the quadratic function.f(x) = -(x + 2)2 + 5 

A. (5, 2) B. (2, 5) C. (-2, 5) D. (5, -2)

Mathematics