Wednesday

August 20, 2014

August 20, 2014

Posted by **nitu** on Sunday, May 19, 2013 at 1:24am.

- math -
**Reiny**, Sunday, May 19, 2013 at 8:15amlet the effective annual rate be i

1+i = (1 + .015)^2

1+i = 1.030225

i = .030225 or 3.0225%

**Related Questions**

math - calculate the nominal interest per annum if the effective rate was 11.4% ...

AP Macroeconomics - 3. You buy a certificate of deposit (CD) that pays a nominal...

Finite Math - Find the effective rate of interest corresponding to a nominal ...

math help plz! - DigiCom wants to drop the effective rate of interest on its ...

college math - Suppose $400 is invested for 4 years at a nominal yearly interest...

college math - Suppose $400 is invested for 4 years at a nominal yearly interest...

economics - Picabo borrows $1,000. To repay the amount she makes 12 equal ...

math - . The nominal interest rate on your account is 7%; your semi-annually ...

Finite Math - Find the effective rate corresponding to the given nominal rate. (...

math - Compute the effective rate of interest given the nominal rate of 7 3/8% ...