jackiemoreno5293 jackiemoreno5293
  • 10-02-2022
  • Business
contestada

Assume interest is compounded monthly. The ______ annual rate will express this rate as though it were compounded annually.

Respuesta :

musiclover10045
musiclover10045 musiclover10045
  • 10-02-2022

A compounded interest rate is sometimes called an effective annual rate.


Answer: effective

Answer Link

Otras preguntas

In one of his speeches, Otto Von Bismarck said: Not through speeches..are the great questions decided... but (instead) by iron and blood? What does he mean by
Find the equation whose graph is the red line shown below. Write your answer in standard form. (Standard form is Ax+By = C, where A is positive, and A, B, and C
Why should colonists disobey Great Britain
5. On sprinkling common salt on grass growing in lawn, the grass is killed. Explain
A Lion asleep in his lair was awakened by a Mouse running over his face. Losing his temper he seized it with his paw and was about to kill it. The Mouse, terrif
A modifier that adds information to a noun or pronoun is called
3(x - 5) = 6 solve the equation
Question 16(Multiple Choice Worth 2 points) Evaluate the scenarios and select the one that demonstrates the training principle of overload. Jack runs two days a
Winston was promoted thrice in the very first year of his service. His managers stated that he was the "fastest worker they have ever managed" and that the qual
Equipment 300,000Notes Payable 270,000Cash 30,000Note that both the