Ask
your own question, for FREE!
Mathematics
5 Online
OpenStudy (chris911):
Calculate the interest rate for an account that is compounded monthly if the APY is 4%. A. 0.333% B. 0.444% C. 3.330% D. 4.440%
Still Need Help?
Join the QuestionCove community and study together with friends!
OpenStudy (chris911):
@iPwnBunnies @satellite73
jimthompson5910 (jim_thompson5910):
APY = annual percentage yield to find the monthly interest rate, you divide the annual rate by 12
OpenStudy (chris911):
the closset one im getting is A .333
jimthompson5910 (jim_thompson5910):
That is correct. It's 0.333% roughly
OpenStudy (chris911):
yeah "roughly" lol
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
playtsec:
how do I sleep without getting a sore throat? I always wake up with a sore throat but it goes away later in the day.
75:
how do you react when you deal with someone who plays the victim in every single situation, and do you find this behavior childish or annoying.
JohnnyLFowler0812:
Do you guys ever think that the homeless are going to be healthy and freed from h
JohnnyLFowler0812:
Do you guys ever think that Hikaru Nikanura will ever be take Magnus Calrsen's 1st place title in the wolrdin the United States amd Norway? Right now Hikaru
DoltonCarlee:
what are y'all's options on S A T essays because honestly their not that bad
thereneelg:
Can someone give me a summary of article 231, The war guilt clause?? I need to explain what it is, but I can't find any shortened version of what it is and
luisaam2:
What should you do when the person you want to talk to the most is the one making
playtsec:
how do I sleep without getting a sore throat? I always wake up with a sore throat but it goes away later in the day.
10 minutes ago
8 Replies
2 Medals
75:
how do you react when you deal with someone who plays the victim in every single situation, and do you find this behavior childish or annoying.
47 minutes ago
2 Replies
0 Medals
JohnnyLFowler0812:
Do you guys ever think that the homeless are going to be healthy and freed from h
53 seconds ago
6 Replies
1 Medal
JohnnyLFowler0812:
Do you guys ever think that Hikaru Nikanura will ever be take Magnus Calrsen's 1st place title in the wolrdin the United States amd Norway? Right now Hikaru
2 hours ago
2 Replies
0 Medals
DoltonCarlee:
what are y'all's options on S A T essays because honestly their not that bad
2 hours ago
7 Replies
2 Medals
thereneelg:
Can someone give me a summary of article 231, The war guilt clause?? I need to explain what it is, but I can't find any shortened version of what it is and
3 days ago
7 Replies
1 Medal
luisaam2:
What should you do when the person you want to talk to the most is the one making
2 days ago
16 Replies
1 Medal