Hi all you would do is 10*40 which is 400, so she would have earned 400 dollars in 40 hours
O 0.018%
O 0.019%
O 1.87%
O 1.90%
O 2.10%
Answer:
.187
Step-by-step explanation:
Loan Y: 7.724% nominal rate, compounded monthly
Loan Z: 7.698% nominal rate, compounded weekly
a. Y only
b. X and Z
c. Y and Z
d. None of these meet Mike’s criteria.
Answer:
b. X and Z
Step-by-step explanation:
Since, the effective annual rate is,
Where r is the nominal rate per period,
m is the number of periods in a year,
For loan X,
r = 7.815 % = 0.07815
m = 2,
Thus, the effective annual rate,
Since, 7.968\% < 8.000 %
Thus, Loan X meets his criteria.
For loan Y,
r = 7.724%= 0.07724
m = 12,
Thus, the effective annual rate,
Since, 8.003 > 8.000 %
Thus, Loan Y does not meet his criteria.
For loan Z,
r = 7.698% = 0.07698
m = 52,
Thus, the effective annual rate,
Since, 7.996 % < 8.000 %
Thus, Loan Zmeets his criteria.
Hence, option 'b' is correct.
Answer:
X and Z
Step-by-step explanation:
Order from least to greatest