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:
A. .2 B. 5⁄4 C. 5:4 D. 4:5
Ratio 4/5 can be written as 4:5.
The correct option is D.
The ratio is defined as the comparison of two quantities of the same units that indicates how much of one quantity is present in the other quantity.
Given,
Ratio = 4/5
: is another symbol of ratio
Thus, 4/5 can be written as 4:5.
Hence, 4:5 is equivalent to ratio 4/5.
Learn more about ratio here:
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B. 2k^2 + k + 2
C. 2k^2 – k – 3
D. 2k^2 – k + 2
(2k+3)(k-1)
Use the distribute property
(2k)(k)+(2k)(-1)+(3)(k)+(3)(-1)
= 12k²-2k+3k-3
= 2k²+k-3
The answer is A
Good night
when wequals
6,
find z when wequals
8.
57 = -8x - 7
Add 7 to both sides:
64 = -8x
Divide both sides by -8:
X = 64/-8
X = -8
Answer:
x = -8
Step-by-step explanation:
57 = -8x - 7
+7 +7
64 = -8x
64/-8
x = -8
Check:
57 = -8(-8) - 7
57 = 64 - 7
57 = 57