MathMaster logo

MathMaster

  1. Home
  2. general
  3. a savings account offers a nominal interest rate of 6 per year capitalized quarterly basis calculate the effective interes
Question

A savings account offers a nominal interest rate of 6% per year, capitalized quarterly basis. Calculate the effective interest rate

75

likes
377 views

Answer to a math question A savings account offers a nominal interest rate of 6% per year, capitalized quarterly basis. Calculate the effective interest rate

Expert avatar
Bud
4.6
92 Answers
i_e = \left(1 + \frac{0.06}{4}\right)^4 - 1 \approx 0.06136 \text{ or } 6.136\%

Frequently asked questions (FAQs)
What is the volume of a right circular cylinder with a radius of 4 units and a height of 7 units?
+
What is the resultant displacement when a car drives 100 km north, then turns and drives 150 km east? (
+
Question: Find the derivative of f(x) = 5x^4 - 2x^3 + 3x^2 - 7x + 8.
+
New questions in Mathematics
Simplify the expression sin³(x)+cos³(x), using trigonometric functions
If L (-2, -5) reflected across y = -4. What are the coordinates of L?
Express the following numbers in decimal system, where the subscript indicates the base: 110101 (SUBINDEX=2)
(5u + 6)-(3u+2)=
Find the sum of the first 41 terms of the progression that begins: 32, 24, 16, …
Calculate the minimum size of a simple random sample assuming a sampling error of 5% assuming that the population size is 100 elements
The simple average of 15 , 30 , 40 , and 45 is
TEST 123123+1236ttttt
Find the center coordinates and radius of a circle for an equation written as: 3x2 + 3y2 - 6y = —12× + 24
Twenty‐five students in a class take a test for which the average grade is 75. Then a twenty‐sixth student enters the class, takes the same test, and scores 70. The test average grade calculated with 26 students will
In an orchard there are 360 trees and they are distributed in 9 rows with the same number of trees in each row. 2 are rows of orange trees, 4 of apple trees and the rest are of pear trees. What fraction of the trees in the orchard are of each type of fruit tree? How many trees of each type are there?
2X+2=8
A company has had the following data for two consecutive years. Total, asset item 3,100,500 euros 3,300,550 euros. Net amount of business figures 4,755,250 euros /5,100 euros Average number of workers employed during the year 64/70 You can present a balance sheet in an abbreviated form
A company dedicated to the manufacture of shirts sells the units at a price of $40, the cost of each shirt is $24, a commission is paid for the sale of a unit of shirt of $2 and its fixed costs are $3500 Determine the marginal contribution
A factory produces glass for windows. The thickness X of an arbitrarily selected pane of glass is assumed to be Normally distributed with expectation μ = 4.10 and standard deviation σ = 0.04. Expectation and Standard deviation is measured in millimeters. What is the probability that an arbitrary route has a thickness less than 4.00 mm?
Let G be the center of gravity of triangle ABC. We draw through A a parallel to BC on which we take a point D so that DG⊥BG. If the area of the quadrilateral AGBD is equal to s, show that AC·BD≥2·s.
Select a variable and collect at least 50 data values. For example, you may ask the students in the college how many hours they study per week or how old they are, etc. a. Explain what your target population was. b. State how the sample was selected. c. Summarise the data by using a frequency table. d. Calculate all the descriptive measures for the data and describe the data set using the measures. e. Present the data in an appropriate way. f. Write a paragraph summarizing the data.
calculate the product of 4 and 1/8
Find the orthogonal projection of a point A = (1, 2, -1) onto a line passing through the points Pi = (0, 1, 1) and P2 = (1, 2, 3).
A plant found at the bottom of a lake doubles in size every 10 days. Yeah It is known that in 300 days it has covered the entire lake, indicate how many days it will take to cover the entire lake four similar plants.

You might be interested in