What is the periodic interest rate for an account that is billed monthly with an APR of 21.99% round your answer to the nearest hundredth

Answers

Answer 1

Answer:

To calculate the periodic interest rate for an account billed monthly with an APR of 21.99%, we need to divide the APR by the number of billing periods in a year.


Since there are 12 months in a year for a monthly billing cycle, we can divide 21.99% by 12 to get the monthly periodic interest rate.


Periodic Interest Rate = APR / Number of Billing Periods in a Year


Periodic Interest Rate = 21.99% / 12


Periodic Interest Rate = 1.8325%


Rounding this answer to the nearest hundredth, we get a periodic interest rate of 1.83%.


Related Questions

One number exceeds another by 1. The sum of the numbers is 25. What are the numbers?

Answers

Let's call the smaller number "x". Since the larger number exceeds the smaller number by 1, we can call the larger number "x + 1".

The problem tells us that the sum of the numbers is 25, so we can set up an equation:

x + (x + 1) = 25

Simplifying and solving for x:

2x + 1 = 25

2x = 24

x = 12

So the smaller number is 12. To find the larger number, we can use x + 1:

x + 1 = 12 + 1 = 13

So the larger number is 13.

Therefore, the two numbers are 12 and 13.

stop to think 7.3 boxes a and b are sliding to the right across a frictionless table. the hand h is slowing them down. the mass of a is larger than the mass of b. rank in order, from largest to smallest, the horizontal forces on a, b, and h.

Answers

Since the boxes are sliding to the right at a constant velocity, the net force acting on each box is zero.

What is equation?

An equation is a mathematical statement that asserts the equality of two expressions. It typically consists of two parts: the left-hand side (LHS) and the right-hand side (RHS), separated by an equals sign (=). The LHS and RHS contain mathematical expressions that can include variables, constants, and mathematical operations such as addition, subtraction, multiplication, division, exponentiation, and logarithms. Equations are used in many areas of mathematics and science to describe relationships between variables and to solve problems. They can be linear or nonlinear, simple or complex, and may involve one or more variables. The process of finding the values of variables that make an equation true is called solving the equation.

Here,

Therefore, the forces on each box must balance out. Let's consider the forces acting on each box:

Box A: Since it has a larger mass, it requires a larger force to slow down. Therefore, the force exerted by hand H on box A must be larger than the force exerted on box B. We can rank the forces on box A, box B, and hand H as follows:

Force exerted by hand H on box A (largest force)

Force exerted by hand H on box B

Force exerted by box A on hand H

Force exerted by box B on hand H

Force exerted by box A on box B (smallest force)

Box B: Since it has a smaller mass, it requires a smaller force to slow down. Therefore, the force exerted by hand H on box B must be smaller than the force exerted on box A.

Hand H: The forces exerted by box A and box B on hand H are equal and opposite (Newton's third law). Therefore, they cancel each other out and the net force on hand H is zero.

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Susan Marciano invested part of her $19000 bonus in a fund that paid a 12% profit and invested the rest in stock that suffered a %4 loss. Find the amount of each investment if her overall net profit was $520

Answers

Answer: $18,000 was invested at 11% profit

$15,000 was invested at 3% loss

Step-by-step explanation:

11x - .03 x (33000-x)=1530

11 x 18000- .03 x (33000 - 18000) =1530

1980-.03 x 15000 = 1530

1980 - 450 =  1530

1530 = 1530

38.8% of Canada's population lives in Ontario. The population of Ontario is 12.9 million. What is the population of Canada?

Answers

let the total population be x

Step-by-step explanation:

38.8%of x=12,900,000

x=12,900,000*100/38.8

x=12,900,000*100*10/388

x=33,247,422.680412

What is the annual percentage yield

Answers

The annual percentage yield for money invested at the rates are:

4.5%4.49%

How to solve

To solve for the APY in the first question:

APY = [tex](1+ r/n)^n^-^1[/tex]

r= interest rate

n= number of times interest is compounded per year

We put in the values

APY = [tex]( 1 + 0.0441/12)^1^2^-^1[/tex]

APY = 4.5%

To solve for the second one

4.42% compounded quarterly

plug in the values into the formula

[tex](1 + 0.0442)/4^4^-^1[/tex]

APR = 4.49%

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Ryan pays a deposit for the sofa then pays the rest of the cost in 24 equal payments of
£112.50
b) How much was the deposit?

Answers

Answer:

£2,700

Step-by-step explanation:

Ryan pays a deposit for the sofa then pays the rest of the cost in 24 equal payments of £112.50 b) How much was the deposit?

If Ryan paid the rest of the cost in 24 equal payments of £112.50, then the deposit would have been the total cost minus the total amount of the 24 payments, which is £2,700. Therefore, the deposit was £2,700.

Which statement correctly expresses a distinction between probability distributions and frequency distributions?

Answers

Answer:

Step-by-step explanation:

A frequency distribution is a table or graph that displays the number of times each value or range of values occurs in a dataset, while a probability distribution is a function that describes the likelihood of each possible outcome of a random variable in terms of its probability.

In other words, a frequency distribution describes the actual frequencies or counts of the values in a dataset, while a probability distribution describes the theoretical probabilities of the outcomes of a random variable. Frequency distributions are typically used in descriptive statistics, while probability distributions are used in inferential statistics to make predictions and test hypotheses.

A train travels 75 miles in 1/2 hour. How many miles does the train travel in 8 hours?​

Answers

Answer:

Step-by-step explanation:

75 x 2 = 150mph

150 x 8 = 1200 miles

The train will travel 1200 miles in 8 hours.

What is speed?

Speed is defined as the ratio of the time distance traveled by the body to the time taken by the body to cover the distance. Speed is the ratio of the distance traveled by time. The unit of speed in miles per hour.

If the train travels 75 miles in 1/2 hour, we can use this information to find the train's speed:

Speed = Distance/Time

Speed = 75 miles / 0.5 hour

Speed = 150 miles/hour

Now that we know the speed of the train, we can use it to find how many miles the train will travel in 8 hours:

Distance = Speed x Time

Distance = 150 miles/hour x 8 hours

Distance = 1200 miles

Therefore, the train will travel 1200 miles in 8 hours.

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which data set could be represented by the box plot shown below?

Answers

The data set (B) could be represented by the shown box plot.

What is the box and whisker plot?

A box and whisker plot (also known as a box plot) expresses a five-number summary of a set of data: lowest, lower quartile, median, upper quartile, and maximum.

The box plot is given in the question as shown, as per the data :

Minimum = 41

First quartile Q1 = 43

Median = 44

Third quartile Q3 = 48

Maximum = 50

According to set (B), we have:

41, 42, 43, 43, 43, 45, 47, 48, 50, 50

Here, Minimum = 41

First quartile Q1 = 43

Median = (43+45/2) = 44

Third quartile Q3 = 48

Maximum = 50

Therefore, the data set (B) could be represented by the shown box plot.

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Miles is throwing three darts at the board shown below. His score is the sum of all three darts. How many different possible total scores could Miles get with three darts?
A) 450
B) 46
C) 12
D) 10

Answers

450, 46, 12

46, 12, 10

450, 10, 12

46,450,10

Step-by-step explanation:

The mixture of any three would be the possibilities

450, 46, 12

46, 12, 10

450, 10, 12

46,450,10

Jack and Glen share a 30-ounce box of cereal. By the end of the week, Jack has eaten
1
10
of the box, and Glen has eaten
2
5
of the box of cereal. How many ounces are left in the box?

Answers

Answer:

15 oz

Step-by-step explanation:

1/10 of 30 = 30/10 = 3 oz

2/5 of 30 = 30 * 2/5 = 60/5 = 12 oz

add those up to get 3 + 12 = 15 oz eaten

there are thus 30-15 = 15 oz left in the box

Which list orders from least t greatest? -5, 1, 3, -2
A. 1 , -2, 3, -5
B. -2, -5, 1, 3
C. -5, -2, 1, 3
D. 3, 1, -2, -5
PLS HELP ME!!!!!!!!

Answers

-5, -2, 1, 3 is the answer. so that would be answer C

Vocab
Vocabulary Check
Fill in each blank with the correct word(s) to complete each sentence.
6. Multiples that are shared by two or more numbers are
obc
ultiple other thar

Answers

Answer:

Common Multiple for #6

Step-by-step explanation:

Not sure if that's what you meant but hope this helps

A rectangular picture frame is 6 inches wide and 10 inches tall. You want to make
the area 7 times as large by increasing the length and width by the same amount.
Find the number of inchey by which each dimension must be increased.

Answers

Let x be the number of inches by which each dimension must be increased. Then the new width of the picture frame is 6 + x inches, and the new height is 10 + x inches. The new area of the picture frame is 7 times the original area, which is:

7(6 in × 10 in) = 420 in²

The new area can also be expressed as the product of the new length and width:

(6 in + x)(10 in + x)

Expanding this expression, we get:

60 in² + 16x + x² = 420 in²

Subtracting 420 in² from both sides and simplifying, we get:

x² + 16x - 360 = 0

We can solve this quadratic equation using the quadratic formula:

x = (-16 ± sqrt(16² + 4(1)(360))) / 2(1)

x = (-16 ± sqrt(256 + 1440)) / 2

x = (-16 ± sqrt(1696)) / 2

x = (-16 ± 41.19) / 2

x = -28.59 / 2 or x = 25.59 / 2

Since we are looking for a positive increase in dimension, we discard the negative solution and obtain:

x = 25.59 / 2 ≈ 12.795

Therefore, each dimension must be increased by approximately 12.795 inches to make the area 7 times as large.

Step-by-step explanation:

let length and width be increased by x>0

(10+x)(5+x)=6×10×5

50+10 x+5x+x²=300

x²+15x-250=0

x²+25 x-10x-250=0

x(x+25)-10(x+25)=0

(x+25)(x-10)=0

x=-25(rejected),10

so x=10

so both the dimensions should be increase by 10 inches.

LAST QUESTION I NEED HELPPPPPP Following the accounting cycle, what would an accountant do right after making an adjusted trial balance?
A. make a worksheet
B. make a trial balance
C. adjust entries
D. close the entries

Answers

Answer:

A

Step-by-step explanation:

Following the accounting cycle, an accountant would make a worksheet right after making an adjusted trial balance. The worksheet is a tool used by accountants to prepare financial statements and to adjust entries. The worksheet summarizes the data in the trial balance and makes it easier for the accountant to prepare the financial statements. The worksheet includes adjustments for accruals, prepayments, depreciation, and other items that were not recorded in the original journal entries. Once the worksheet is complete and the financial statements have been prepared, the accountant would then close the entries to start a new accounting cycle. Therefore, the correct answer is A. make a worksheet.

HELPPPPP

i need help quick

Answers

By using the substitution method, the value of x is equal to -1 and the value of y is equal to 1.

How to solve this system of equations?

In order to solve the given system of equations, we would apply the substitution method. From the information provided in the image attached above, we have the following system of equations:

2x - 3y = -5      .......equation 1.

3x + y = -2          .......equation 2.

From equation 2, we have:

y = -3x - 2

By using the substitution method to substitute equation 3 into equation 1, we have the following:

2x - 3(-3x - 2) = -5

2x + 9x + 6 = -5

11x = -5 - 6

x = -11/11

x = -1

For the value of y, we have:

y = -3x - 2

y = -3(-1) - 2

y = 1.

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4-23.
En tu hoja, dibuja un triángulo de pendiente con un ángulo de
inclinación de 45°.

Answers

Para dibujar un triángulo con un ángulo de inclinación de 45° realiza dos líneas perpendiculares y una tercera línea con un grado de 45° lo cual puedes hacer usando un transportador.

¿Cómo dibujar un triángulo con un ángulo de 45°?

Un triángulo es una figura con tres lados y cuyos ángulos internos siempre suman 180°. El método más fácil para dibujar un triángulo con un ángulo de 45° es.

Dibuje dos líneas rectas perpendiculares (líneas que se cortan entre ellas).Dibuje una tercera línea para completar el triángulo usando un transportador para asegura que tenga 45° de inclinación.

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If p - r = 11 and q - r = -5, what is the value of p - q? -16 -6 6 16

Answers

The value of the expression P-q will be 16. The correct option is C.

What is an expression?

In mathematics, expression is defined as the relationship of numbers, variables, and functions using mathematical signs such as addition, subtraction, multiplication, and division.

To find the value of p - q, we need to eliminate r from the two equations given to us.

We can do this by solving for r in one of the equations and then substituting that expression into the other equation.

Let's solve for r in the equation p - r = 11:

r = p - 11

Now we can substitute this expression for r into the equation q - r = -5:

q - (p - 11) = -5

Simplifying this equation by distributing the negative sign, we get:

q - p + 11 = -5

Subtracting 11 from both sides, we get:

q - p = -16

Therefore, p - q = -(q - p) = -(-16) = 16.

So the answer is 16.

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Write an equation for line L in point-slope form and slope-intercept form.
L is perpendicular to y=5x

Answers

Answer:

y = (-1/5)x + b

Step-by-step explanation:

The given line is y = 5x. To find a line perpendicular to it, we need to use the fact that the slopes of perpendicular lines are negative reciprocals of each other.

The slope of the given line y = 5x is 5, so the slope of the line perpendicular to it is -1/5.

Let (x1, y1) be any point on the line L. Then the point-slope form of the equation of L is:

y - y1 = m(x - x1)

where m is the slope of the line, which in this case is -1/5.

So the equation of line L in point-slope form is:

y - y1 = (-1/5)(x - x1)

To find the equation of line L in slope-intercept form, we need to solve the point-slope equation for y. First, we can simplify the equation to:

y = (-1/5)x + (1/5)x1 + y1

This equation can be rearranged to the slope-intercept form y = mx + b, where m is the slope and b is the y-intercept. In this case:

m = -1/5

b = (1/5)x1 + y1

Therefore, the equation of line L in slope-intercept form is:

y = (-1/5)x + b, where b = (1/5)x1 + y1.

Find Monthly Payment on a Loan

Answers

Mila's monthly mortgage payment would be approximately $4,658.99.

Describe Interest?

In finance, interest refers to the cost of borrowing money or the return earned on an investment. It is usually expressed as a percentage of the amount borrowed or invested and is typically calculated on an annual basis.

For borrowing money, interest is the cost that the borrower has to pay to the lender for the privilege of using their funds. The lender earns interest on the loan as compensation for lending their money to the borrower. The interest rate on a loan is determined by a variety of factors, including the borrower's creditworthiness, the term of the loan, and prevailing market conditions.

For investments, interest is the return earned by an investor on their principal amount. For example, when someone deposits money in a savings account, they earn interest on that money. The interest rate on savings accounts and other investments is typically determined by the prevailing market conditions and the financial institution offering the investment.

Interest can be calculated in different ways, including simple interest and compound interest. Simple interest is calculated on the original principal amount, while compound interest is calculated on the principal amount plus any accumulated interest. The frequency at which interest is compounded, such as monthly or annually, can have a significant impact on the total amount of interest earned or paid.

Overall, interest plays a critical role in finance and can have a significant impact on the cost of borrowing money or the return earned on an investment.

To calculate Mila's monthly mortgage payment, we can use the formula for a fixed-rate mortgage:

M = P * (r * (1 + r)^n) / ((1 + r)^n - 1)

where:

M = monthly mortgage payment

P = loan amount

r = monthly interest rate

n = number of payments (total number of years * 12)

Plugging in the given values, we get:

M = 730000 * (0.00325 * (1 + 0.00325)^(2012)) / ((1 + 0.00325)^(2012) - 1)

Simplifying this expression using a calculator, we get:

M ≈ $4,658.99

Therefore, Mila's monthly mortgage payment would be approximately $4,658.99.

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d.
X
-2
-1
0
1
2
f(x)
-17
-12
-7
-2
3
Type of function:
Nature of change:
Recursive equation
Explicit equation

Answers

Answer:

integers . whole number and nutural number

Find the slope of the line segment shown.
A) -1/2
B) -1
C) 1/2
D) 1

Answers

The slope of the line segment is -1/2 . Option A is correct.

What is slope ?

The slope of a line is a measure of its steepness. Mathematically, slope is calculated as "rise over run" (change in y divided by change in x).

The slope is the "rise over run" between any two points on the line.

Count out how much "up or down" vs "left or right" to find the slope:

   We go up 5 and right 5, giving us the fraction

Thus , slope is given by -5 /10 = -1 /2      

When counting, up and right are counted as positive; left and down are counted as negative.

Hence , the slope of the line segment is -1/2 . Option A is correct.

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I need help not good with story problems

Answers

Answer: 62,000

         2,000+4,000+8,000+16,000+32,000

                                                 

Given IQ scores are approximately normally distributed with a mean of 100 and standard deviation of 20, the proportion of people with IQs above 140 is:

Answers

The proportion of people with IQs above 140 is 2.5% of a mean of 100 and standard deviation of 20.

Which proportion do you mean?

Comparative magnitude or extent; ratio; the relationship between several entities or components in terms of relative size, number, or degree. the right or ideal relationship between components of a whole; symmetry or balance. If a change in one variable can be expected from a change in the other, two variables are said to be in proportion. For secondary school chemists, there are two separate sorts of proportional relationships: direct proportion and inverse proportion.

When we find the proportion , we obtain:

P(y > 140) = 1 - P(y< 140)

               = 1 - P[(x - α) / β < (140 - 100) / 20]  

               = 1 - P(z < 2)                                  

               = 1 - 0.9772

               = 0.0228

               = 2.5%.

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Easy question about P-value:

Answers

The conclusion that the herds are not statistically different is false.

The correct option is B.

What is the hypothesis?

An assumption or concept is given as a hypothesis for the purpose of debating it and testing if it might be true.

Given:

You conducted a t-test to determine whether two herds of elk have statistically different migration dates.

The resulting p-value was .03.

Here, the p-value is less than 0.05.

That means,

the p-value is statistically significant.

And there is a 3% chance that the null hypothesis should be rejected.

Your conclusion is that the herds are not statistically different.

Therefore, your conclusion is incorrect.

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What is 5/8 equative to

Answer chooses
0.48
0.6
0.675

Answers

.625 rounded off to the nearest number and you get 6

Answer: C

Step-by-step explanation:

What is the diameter of the
circle?
C = 7.6 m

Answers

Answer:

2.42

Step-by-step explanation:

To find the diameter divide by 3.14 or pi. That equals 2.42038216561 but 2.42 is the rounded answer (if you are rounding to the hundredths place)

Add a term to the expression so that it becomes a perfect square trinomial.
y² - 15y +

Answers

The expression representing a perfect square trinomial is given as follows:

y² - 15y + 56.25.

What are perfect square trionomial?

There are two formats of perfect square trinomial, given as follows:

(x + a)² = x² + 2ax + a².(x - a)² = x² - 2ax + a².

For this problem, we have a subtraction sign, meaning that the value of a is obtained as follows:

2ay = 15y

2a = 15

a = 15/2

a = 7.5.

Then the square of a is given as follows:

a² = 7.5²

a² = 56.25.

Meaning that the expression is given as follows:

y² - 15y + 56.25.

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graph the function plsss

Answers

I need the answer to this Kahn academy, lesson

A New Suit Matthew is shopping for a new suit. At K&G Menswear, he finds that the sale price of a suit that was reduced by 25% is $187.5 . Determine the regular price of the suit.

Answers

The regular price of the suit is $250.

What is the discounts ?

A discount is a reduction in the price of a product or service. It is often used as an incentive to encourage customers to buy a product or service, especially when the original price is considered too high.

Let's assume the regular price of the suit to be x.

According to the problem, the sale price of the suit after a 25% discount is $187.5.

This can be written as:

x - 0.25x = 187.5

Simplifying the equation:

0.75x = 187.5

Dividing both sides by 0.75:

x = 250

Hence, the regular price of the suit is $250.

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the normal boiling point of liquid octane is 399 k. assuming that its molar heat of vaporization is constant at 36.5 kj/mol, the boiling point of when the external pressure is 0.727 atm is k. Identify each as function even, odd, or neither. Explain or show your reasoning.1. the function k shown here:kYA2-12. the function f defined by f(x) = 3* +3**NX with the vote being split, who was able to win the U.S presidential election of 1912? bob deposits the amount of $100 in his bank account today, and plans to deposit the amount of $145 in the same account one year from today, and finally plans to deposit the amount of $225 in the same account two years from now. if the interest rate is 4.75%, how much will bob have accumulated in his account three years from today? In a random sample of 100 students from a large high school, 37 regularly bring a reusable water bottle from home. Which of the following gives the correct value and interpretation of the standard error of the sample proportion? (a) In samples of size 100 from this school, the sample proportion of students who bring a reusable water bottle from home will be at most 0.095 from the true proportion. (b) In samples of size 100 from this school, the sample proportion of students who bring a reusable water bottle from home will be at most 0.048 from the true proportion. is ne (c) In samples of size 100 from this school, the sample proportion of students who bring a reusable water bottle from home typically varies by about 0.095 from the true proportion.(d) In samples of size 100 from this school, the sample proportion of students who bring a reusable water bottle from home typically varies by about 0.048 from the true proportion (e) There is not enough information to calculate the standard error. Which of the following is NOT true of an overture?A. Can represent a characterB. Introduces main themes or melodiesC. Makes it easier for the listener to understand the plotD. Cannot represent a place what kind of degree/certification is needed for a forensic pathologist How did the economic impact of the bell bomber plant on marietta, ga, compare to larger economic trends in georgia during world war ii?. I need help pls I dont get this implement a linear search typing program. repeatedly ask the user what letter they are thinking until you get the right one. stop when the user types the exclamation point. submit the code in the file main.c. you may supply additional files if you wish to. you main program must be in main.c. assumption: you may assume that the user will only type: y, y, n, or n. the user will only enter exactly 1 character and will not enter any other characters. you do not have to provide any error checking on this input. remember we are simulating a person who can only give us yes/no answers. assumption: you may assume the user will never type more than 100 characters before entering '!'. example execution trace: are you thinking of the letter ' '? n are you thinking of the letter '!'? n are you thinking of the letter '.'? n are you thinking of the letter 'a'? n are you thinking of the letter 'b'? n are you thinking of the letter 'c'? y are you thinking of the letter ' '? n are you thinking of the letter '!'? n are you thinking of the letter '.'? n are you thinking of the letter 'a'? y are you thinking of the letter ' '? n are you thinking of the letter '!'? n are you thinking of the letter '.'? n are you thinking of the letter 'a'? n are you thinking of the letter 'b'? n are you thinking of the letter 'c'? n are you thinking of the letter 'd'? n are you thinking of the letter 'e'? n are you thinking of the letter 'f'? n are you thinking of the letter 'g'? n are you thinking of the letter 'h'? n are you thinking of the letter 'i'? n are you thinking of the letter 'j'? n are you thinking of the letter 'k'? n are you thinking of the letter 'l'? n are you thinking of the letter 'm'? n are you thinking of the letter 'n'? n are you thinking of the letter 'o'? n are you thinking of the letter 'p'? n ar The female reproductive parts of a flower are known as:A SepalsB StamensC CarpelsD Petals The population of Medway, Ohio, was 4,007 in 2000. It is expected to decrease by about 0.36% per year. Write an exponential decay function and use it to approximate the population in 2020. This pattern follows the rule "multiply by 2."4, 8, 16, 32, 64, 128What other observation can you make about the number pattern? when an older person is on bed rest and is receiving narcotic medication_____ may occur as constipation worsen what are considered the best practices for introduction speeches? What qualities did the Romans value? which condition is an indicator of a potential cholierngic drug overodse Does the government's Structure help or hinder the purposes espoused in the Preamble of the Constitution? You are required to provide three arguments to the IF function in Excel. True or False? Fill The Blank! the entire life cycle of an extra-tropical cyclone lasts _____.