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iPad 12:02 AM 53% edugen.wileyplus.com Everyday Low Price LA Colors Baked Eyeshadow, CE1018 - iKateHouse ItsASteal Archives-Col.... 12 Days of Deals | New Home Read, Study & Practice A Assignment>Open Assignment Shopping Cart Sites-UGG-US-Site Amazon.com: Holiday... The Make it Pop Steal WileyPLUS Assignment MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Chapter 5, Algebra Aerobics 5.7, Question 03c Assume that A-500-102512t number of interest periods per year. Round the answers to two decimal places if necessary. Principal Assume that A 500. 1.025describes the value of an investment, A, over t years. Identify the principal, nominal rate, effective rate, and Nominal rate: Effective rate Number of interest periods: Click if you would like to Show Work for this question: Open Show Work the Point Potentlal Policy set by By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

The principal: 500

The nominal rate: 1.025=1+r/12----> r=0.3=30%

The effective rate: (1+0.3)^12-1=22.30%

Number of interest periods: 12

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