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

michael puts 3 beads next to each other
What is “hanging indent” and what is its function?
Explain in your own words the difference between the three types of signs: icon, index, and symbol.
Identify whether each variable is categorical or continuous. Hand length (cm) ? Kneeling height (cm) ? Hours studied for exam ? Exam score? Perfect attendance
Suppose you obtain a $1300 T note with a 9% annual rate paid monthly with Matt Trinity in six years how much interest will be paid to you each month
Describe what is happening in each photo ASAP PLEASE
Any intelligent people want to tell me how the heck I do this
how do humans adapt to their enviroment
PLEASE HELP! I WILL MAKE YOU BRAINLIST
Find the interest on the following loan. $5350 at 9%; loan made on August 15 and due December 18 The simple interest for this loan is $ (Round to the nearest ce