subject
Mathematics, 30.12.2021 01:00 sanchez9211

Dave is considering two loans. Loan U has a nominal interest rate of 9. 97%, and Loan V has a nominal interest rate of 10. 16%. If Loan U is compounded daily and Loan V is compounded quarterly, which loan will have the lower effective interest rate, and how much lower will it be? a. Loan V’s effective rate will be 0. 3324 percentage points lower than Loan U’s. B. Loan V’s effective rate will be 0. 1187 percentage points lower than Loan U’s. C. Loan U’s effective rate will be 0. 5124 percentage points lower than Loan V’s. D. Loan U’s effective rate will be 0. 0713 percentage points lower than Loan V’s.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
Cherie measures and records the lengths and sizes of the same style of a sandal found at a shoe store. which equation can be used to determine the approximate shoe size, s, for a foot length of x inches? s = x – 2 s = 2x – 10 s = x + 6 s = 2x + 4
Answers: 3
question
Mathematics, 21.06.2019 17:00
How do you find the area of a triangle
Answers: 1
question
Mathematics, 21.06.2019 17:30
Daniel bought a computer game for $25 and later sold it to thomas for a 40% profit. how much did daniel sell the computer game for?
Answers: 1
question
Mathematics, 21.06.2019 18:00
Explain how you can use the associative property to evaluate (7x50)x4.
Answers: 1
You know the right answer?
Dave is considering two loans. Loan U has a nominal interest rate of 9. 97%, and Loan V has a nomina...
Questions
question
Mathematics, 04.03.2021 08:10
question
Health, 04.03.2021 08:10
question
Arts, 04.03.2021 08:10
question
Mathematics, 04.03.2021 08:10
Questions on the website: 13722367