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Earn +20 ptsQ: What initial value sums 808 at 2 percent annual rate in 6 months?
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What describes annual percentage rate?
An annual percentage rate is the average percentage change over a period of a year. The percentage change is the change divided by the initial value, expressed as a percentage.
The annual nominal rate of interest on a bank certificate of deposit is 12 percent what would be the effect of an inflation rate of 13 percent?
The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.
Is starting value the same as initial value?
Yes, it is.
What is the initial value of y2x-3?
5
An account of an APR of 14 percent with quarterly compounding increases in value every three months by what percent?
quarterly in a year means 4. Therefore, 14/4 = 3.5. So it will increase by 3.5%
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