williemendozaa williemendozaa

12-09-2022
Mathematics

contestada

James invests his money in an account paying 3.7% interest compounded quarterly. What is the effective annual yield on this account?

Respuesta :

magicparkour325 magicparkour325

12-09-2022

Answer:

3.7517%

Step-by-step explanation:

take 3.7 and divide it by 4 to get 0.925

then apply 0.925% to x 4 times to find out the compounded rate

Answer Link

Otras preguntas

How to prepare for Euclid math contest? Help

Two angles in a triangle add up to 78o. What is the size of the third angle?

In wuthering heights.., Heathcliff begs Catherine to A. stay alive. B. leave Edgar. C. haunt him in death. D. remember him Regarding Heathcliff, Ne

what is 16 divided by 14.72

Why did president Washington want the United States to remain neutral

Two puppies have a combined weight of 5.6 kilograms.One puppy weighs 2.5 kilograms. How many grams does the other puppy weigh?

Solve 3x-2a=7a for x

how scientific view of nature changed during scientific revolution

10% tip on a bill of $152.38 by first rounding the bill amount to the nearest ten dollars.

What is the equation of the following line written in slope-intercept form? A.) Y=5x B.)Y= -5x C.) Y= 5/x