Mathematics, 13.05.2021 22:20 dolphinkina35

Jackie would like to borrow money at 1.6% interest per quarter, compounded quarterly. Her research indicates that rates for loans are often quoted as annual
rates. Which of the following is the best approximation for the annual rate,
compounded annually, that is equivalent to the rate Jackie wants?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:30, Neon29

Cora bought a package of erasers. there are 4 pink erasers and 12 blue erasers. what is the ratio of pink erasers to blue erasers?

Answers: 2

continue

Mathematics, 21.06.2019 21:00, Parmenter

Tim open up a new saving account with a $50 deposit and plant to deposit $20 per week into the same account. write an expression to represent the total amount in his savings account.

Answers: 1

continue

Mathematics, 21.06.2019 21:10, zahradawkins2007

Identify the initial amount a and the growth factor b in the exponential function. a(x)=680*4.3^x

Answers: 2

continue

Mathematics, 21.06.2019 21:30, bryantfoster

Helll ! 1,400 tons of wheat of two different varieties was delivered to the silo. when processing one variety, there was 2% of waste and 3% during the processing of the second variety of wheat. after the processing, the amount of remaining wheat was 1,364 tons. how many tons of each variety of wheat was delivered to the silo?

Answers: 1

continue

You know the right answer?

Jackie would like to borrow money at 1.6% interest per quarter, compounded quarterly. Her research...