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Question 1 A -C down below thank you ! Assume a bank offers an effective annual rate of 7.06%. If compounding is monthly what is
Question 1 A -C down below thank you !
Assume a bank offers an effective annual rate of 7.06%. If compounding is monthly what is the APR? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Derek borrows $266,654.00 to buy a house. He has a 30-year mortgage with a rate of 5.75%. The monthly mortgage payment is $ Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $1,034.00 into an account 5.00 years from today. Exactly 19.00 years from today the account is worth $1,486.00. What was the account's interest rate? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243))
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