5f7g2mjr6b 5f7g2mjr6b

15-06-2021
Business

contestada

A new coffee machine costs $50,850 and the finance office has quoted you an Annual Percentage Rate (APR) of 5.9%, compounded monthly, for 36 months. What is the Effective Annual Rate (EAR)?

Respuesta :

madethisfortwitch1 madethisfortwitch1

15-06-2021

Answer:

6.062189766%

Explanation:

[tex](1+\frac{.059}{12})^{36}=(1+i)^3\\[/tex]

Answer Link

Otras preguntas

Which of the following causes the most problems in countries with low economic growth? poor education low unemployment rapid population increase

Julie counted 25 players on a visiting soccer team. The actual number of players on the visiting soccer team was 27. What is the percent error in Julie’s measu

A form of discrimination that is upheld by the law is called _____. de facto segregation legal discrimination Jim Crow laws subjugation

Help! The Council of Trent did all the following except approve the sale of indulgences reaffirm the authority of the Pope establish seminaries for the training

if the moon is a full moon tonight what will be the moon one week later waxing or waning

Why is the Populist Party generally regarded as a failure by historians?

True or False: During the nineteenth and early twentieth centuries, immigrants from predominantly Catholic countries faced open discrimination at the hands of t

Patrice, by himself, can paint four rooms in 10 hours. If he hires April to help, they can do the same job together in 6 hours. If he lets April work alone, how

What event most clearly prompted the US government to pursue the Space Race? the successful launch of Yuri Gagarin into space by the Soviet Union the Soviet Uni

Petrarch and _______ were renaissance scholars in the field of philosophy.. Michelangelo Erasmus Leonardo da Vinci