The APY Formula isAPY (1 APR n) n 1 Which of the following is the correct sequence of steps to obtain the Reversed APY Formula Add 1 to both sides, raise both sides to the 1 n power, multiply both sides by n, subtract 1 from both sides Raise both sides to the 1 n power, multiply both sides by n, subtract 1 from both sides, add 1 to both sides Add 1 to both sides, raise both sides to the 1 n power, subtract 1 from both sides, multiply both sides by n Subtract 1 from both sides, multiply both sides by n, add 1 to both sides, raise both sides to the 1 n power Add 1 to both sides, multiply both sides by n, raise both sides to the 1 n power, subtract 1 from both sides Subtract 1 from both sides, multiply both sides by n, raise both sides to the 1 n power, add 1 to both sides Raise both sides to the 1 n power, subtract 1 from both sides, add 1 to both sides, multiply both sides by n Subtract 1 from both sides, raise both sides to the 1 n power, multiply both sides by n, add 1 to both sides Raise both sides to the 1 n power, add 1 to both sides, subtract 1 from both sides, multiply both sides by n

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

The APY Formula isAPY = (1+APR/n)^n - 1.

Which of the following is the correct sequence of steps to obtain the Reversed APY Formula?

Add 1 to both sides, raise both sides to the 1/n power, multiply both sides by n, subtract 1 from both sides.
Raise both sides to the 1/n power, multiply both sides by n, subtract 1 from both sides, add 1 to both sides.
Add 1 to both sides, raise both sides to the 1/n power, subtract 1 from both sides, multiply both sides by n.
Subtract 1 from both sides, multiply both sides by n, add 1 to both sides, raise both sides to the 1/n power.
Add 1 to both sides, multiply both sides by n, raise both sides to the 1/n power, subtract 1 from both sides.
Subtract 1 from both sides, multiply both sides by n, raise both sides to the 1/n power, add 1 to both sides.
Raise both sides to the 1/n power, subtract 1 from both sides, add 1 to both sides, multiply both sides by n.
Subtract 1 from both sides, raise both sides to the 1/n power, multiply both sides by n, add 1 to both sides.
Raise both sides to the 1/n power, add 1 to both sides, subtract 1 from both sides, multiply both sides by n.