Register
Earl Miller deposited $25,000 at Y Bank at an interest rate of 12% compounded quarterly. (Use this table) The effective rate (APY) is:
22.7k views
1 vote
Earl Miller deposited $25,000 at Y Bank at an interest rate of 12% compounded quarterly. (Use this table) The effective rate (APY) is:

User Rufat Mirza
by
6.2k points

1 Answer

2 votes
The effective rate is 9,000 is the answer


User Christian Hayter
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.7m answers

Other Questions

What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!