megansueholliday megansueholliday

22-02-2024
Mathematics

contestada

Find the APY of 4% APR, compounded monthly.

Respuesta :

jsimpson11000 jsimpson11000

22-02-2024

Step-by-step explanation:

MONTHLY decimal interest = .04/12

Periods 12

APY = ( 1+ .04/12)^12 -1 = .0407 or 4.07 %

Answer Link

Otras preguntas

Daily organizers help track materials you will need for class. true or false?

what is tye scientific notation of 3,134,000,000

Which integer represents a loss of 12 dollars?____________

Imagine you are an advisor for a sitting US president. You have just received word that three small boats appear to have attacked a US port. The president wants

Which word has its origins in Greek mythology? atlas altar allay adore

Use signed numbers to solve. A helicopter rose 2400 feet, descended 1650 feet, and then descended another 725 feet. What was the net gain or loss in altitu

1/4 and 2/3(write the fraction pair of fractions as pair of fractions with a common denominator)

sara travels twice as far as Eli when going to camp. Ashley travels as far as Sara and Eli together. Hazel travels 3 times as far as Sara. In total , all four

The Latin American country of _____ was ruled for more than a decade by _____. Mexico; Porfirio Díaz. Cuba; General Fulgencio Batista Venzuela; Juan Vicente Góm

what is the unit price for a 16 ounce jar that costs 3.20