Island Bank is advertising a special 1.55% APR for long term CDs. Manny takes out a one-year CD for $40,000. The interest is compounded daily. Find the annual percentage yield for Manny's account to the nearest hundredth of a percent. Fill in the blank 1

Answers

Answer 1

Answer: 1.55%

Step-by-step explanation:

p = Principal = $40000

r = Interest rate = 1.55% = 0.0155

n = Number of periods = 365

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

= [1 + (0.0155/365)^365 - 1]

= [1 + 0.000042)^365 - 1]

= [1.000042]^365 - 1

= 1.015448 - 1

= 1.55%


Related Questions

A line passes through the points (4-3) and (0,0). What is the slope of the line?

Answers

Answer:

-0.75

Step-by-step explanation:

Answer:

Its -0.75

Step-by-step explanation:

give brainlest to other guy

evaluate the expression when x = 3/4. 1 /5 x answer in simplest form

Answers

Answer:

i dont know what you are asking, make your question more readable and clear

Step-by-step explanation:

Find the mean, median, mode, and range of the data below:
1)
# Words in Book Titles
2
6
5
5
5
4
4
2
3
2
3
2 1 2
2

Answers

Answer:

Hi, sry if this doesn't help anymore but these r the answers

mode=2

median=3.5

mean=3.2

range=5

Step-by-step explanation:

In the following experiment, determine whether or not the probabilities are binomial probabilities. If they are, identify the values for n, p, and q. A die is rolled 30 times. What is the probability of getting x even numbers

Answers

This is a binomial probability experiment. Each trial is independent of one another, ie each roll is independent. The probability of getting an even number is 3/6 = 1/2 = 0.5 and that probability does not change from roll to roll. Furthermore, the value of n is fixed and not infinitely large. Lastly, each trial outcome comes down to two choices: either you get an even number, or you don't. So we've met the requirements of a binomial probability distribution.

The values of n, p and q are:

n = 30 = sample sizep = 0.5 = probability of getting an even numberq = 0.5 = probability of not getting an even number.

Answer:

c

Step-by-step explanation:

what is the domain and range of this linear equation 6x+12y=48​

Answers

Answer:

(-infinity, infinity)

(-infinity, infinity) ... for both graph below

Step-by-step explanation:

Identify the number of zeros for each function

P(x) = 8x^2+5-1

Answers

Answer:

2 zeros

Step-by-step explanation:

Here, we want to identify the number of zeros for the function

The number of zeros a particular function has is dependent on the degree of the function

This particular function is quadratic and has a degree of two

So what this means is that it is expected that the function has two zeros

i need help plz welp me

Answers

Answer: -4

Step-by-step explanation:

I used a calculator

Answer:

H. -4

Step-by-step explanation:

You just have to add the 4 scores together.

-2 - 4 - 1 +3

-7 + 3 = -4

Mimi and her friend went to the Burger Barn for lunch. Their bill
totaled $24.68. They left a 15% tip for their waitress. How much
tin did they leave

Answers

Answer:

they tipped = 15% of 24.68 = 15/100*24.68 = 3.702

Step-by-step explanation:

Answer:

  Tip: $3.70  

  Total: $28.38

Step-by-step explanation:

  bill:    $24.68

  tip:     0.15 * 24.68 = $3.70

  Total:   24.68 + 3.70 = $28.38

John bought an old motor bike for $ 5675 and spent $ 453 on its repair. Then he sold it in $ 7265, find out the profit he made.​

Answers

Answer:

1137

Step-by-step explanation:

5675+453

6128

Now

7265-6128

1137

What value(s) of x will make x2 = 16 true?

Answers

Answer:

Step-by-step explanation:

the answer is D

hope this helped :)

the rectangular post shown at the right measures 2w-30 by w. the poster has an area of 5400 cm^2. what is The value of w ?

Answers

Step-by-step explanation:

w(2w - 30) = 5400

2w²- 30w = 5400

2w² - 30w - 5400 = 0

(w - 60 ) ( w + 45 ) = 0

w= 60 w= - 45

only take the positive value

therefore w = 60

i could really use an explanation of this problem please and thank you

Answers

Answer:

the answer for this is (2,2)

Find the slope and type the correct code.

Answers

Answer:

50 meter ka 10 km

Step-by-step explanation:

50 meter ka 10 km

Jerry is a judge. he hears 5 cases every 2 3/8 hours how many cases does he haer per hour

Answers

Answer:

2 2/19

Step-by-step explanation:

5 cases in 2 3/8 hours

The unit rate of cases per hour is calculated by dividing the number of cases by the number of hours.

5/(2 3/8) = 5/(19/8) = 5 * 8/19 = 40/19 = 2 2/19

Answer:

2 2/19 cases per hour

Step-by-step explanation:

5 ÷ 2 3/8

~Turn the fraction on the left into an improper one

5 ÷ 19/8

~Copy Dot Flip

5/1 * 8/19

~Multiply

40/19 or 2 2/19

Best of Luck!

Which equation represents the vertical line passing though (1,-9)

Answers

Answer:

x=1

Step-by-step explanation:

To get the vertical line you leave out the y. Since it goes up in all y's, and then you only need the 1 for the x. easy peasy once you know what it is.

Plz help will mark brainliest :)
If you don’t know please don’t answer it’s for a final
(For both drop down menus)
A. An even
B. An odd
C. Neither an even nor an odd

Answers

Answer:

an odd    an even

Step-by-step explanation:

plz mark as brainliest. my first answer

write the slope intercept form of an equation for the line passing through the following two points: (-2,8) and (-4,-4)​

Answers

Answer:

y=6x+20

Step-by-step explanation:

m= y2-y1/x2-x1

m= -4-8/-4-(-2)= 12/-2= 6/1

y= mx+b

y= 6x+b

8= 6(-2)+b

8=-12+b

+12  +12

b= 20

y=6x+20 is the slope intercept form.

Give the property that justifies each step.

Answers

Answer:

Please check the explanation below.

Step-by-step explanation:

Some of the properties are defined as:

Distributive property

[tex]a(b+c) = ab+ac[/tex]

For example,

suppose a=3, b=4, c=5

3(4+5) = 3(4) + 3(5)

3(9) = 12+15

27 = 27

Subtraction property of Equality

if (a=b), then a-c = b-c

For example,

suppose a=2, b=2, c=5

if a = b ⇒ 2 = 2

then a-c = b-c ⇒ 2-5 = 2- 5 ⇒ -3 = -3

Addition property of Equality

if (a=b), then a+c = b+c

For example,

suppose a=2, b=2, c=5

if a = b ⇒ 2 = 2

then a+c = b+c ⇒ 2+3 = 2+3  ⇒ 5 = 5

Multiplicative property of Equality

if (a=b), then a×c = b×c

For example,

suppose a=2, b=2, c=5

if a = b ⇒ 2 = 2

then a×c = b×c ⇒ 2×5 = 2 × 5  ⇒ 10 = 10

Division property of Equality

if (a=b), then a÷c = b÷c

For example,

suppose a=2, b=2, c=5

if a = b ⇒ 2 = 2

then a÷c = b÷c ⇒ 2÷5 = 2 ÷ 3  ⇒ 2/5 = 2/5

Let us solve the given equation using the above properties.

7n-16=47                     Given

7n-16+16=47+16   1) Addtion property of Equality ∵ if (a=b), then a+c = b+c

7n=63                  2) simplify

n = 9                    3) Division property of Equality ∵ if (a=b), then a÷c = b÷c        

How much interest is earned on $300 at 6% for six years?

Answers

Answer:

125

Step-by-step explanation:

Answer:

about 125

Step-by-step explanation:

you would get 425-300 get you 125

Can someone please explain to me how to get the answer for the question is the picture? I don't get it at all, and the internet isn't helping. Please explain the way you got the answer

Answers

Answer:

The original price of the item is $28.

Step-by-step explanation:

So to find the original price, we have to divide the sale price by the result of one minus the discount in percentage form.

So:

First convert 25% to a decimal, 0.25.

OP(original price) = 21 ÷ 1 - 0.25 =

1 - 0.25 = 0.75

21 ÷ 0.75 = 28.

Ravi got 80 candies for her daughter's birthday. Each candy weighed 50 grams. If was price of candies was Rs. 10 per kilogram, how much did he pay?

Answers

Answer:

Rs. 40

Step-by-step explanation:

50g = 1 candy1000g = 20 candies20 candies = Rs. 1080 candies = Rs. 40

Ravi paid the amount of Rs. 40 for the candies for her daughter's birthday.

What are Arithmetic operations?

Arithmetic operations can also be specified by subtracting, dividing, and multiplying built-in functions. The operator that performs the arithmetic operation is called the arithmetic operator.

If the candies weighed 50 grams each, the total weight of the candies is 80 x 50 = 4000 grams.

To convert the weight from grams to kilograms, we divide by 1000. So, the total weight in kilograms is 4000 / 1000 = 4 kilograms.

If the price of candies was Rs. 10 per kilogram, the total cost for 4 kilograms is 4 x 10 = Rs. 40.

Therefore, he paid Rs. 40 for the candies.

Learn more about Addition operations here:

brainly.com/question/25834626

#SPJ2

Arrange the decimal fractions in descending order.
1.3 0.13 3.1 0.31

Answers

Answer:

0.13 0.13 3.1.3

Step-by-step explanation:

Hope it's answer you plz mark as Brainlist

(0,8)
(-2,0). What is the equation of the linear graph shown?

Answers

Answer:

4

x value increases  by 2 in the time it takes y value to increase by 8

8/2 = 4

Please help! Will mark brainliest!

Based on the graph, which of the following represents a solution to the equation? (4
points)
1) (-2,-3)
2) (2, 1)
3) (1, 2)
4) (-3, 2)

Answers

Answer:

4) (-3 , 2)

Step-by-step explanation:

Answer:

(-3, 2) because if you extend the line to the right more, it'll go directly through that point, but none of the others. also, if you plot the points, you can look at the line to see which point the line would go through

Step-by-step explanation:

An online bookstore sells all paperback books for "x" dollars each. Aidan bought 7 paperback books and spent $3.95 on shipping. Nina bought 11 paperback books and spent $5.25 on shipping. What expression represents the total amount that Aidan and Nina spent?

Answers

Answer:

Aidan: 7x + 3.95 = y

Nina: 11x + 5.25 = y

Help due soon will give brainliest show work

Answers

Answer:

A 6.24 I did this just yesterday and I'm sure I got it right

Answer:

D) 13.9 inches

Step-by-step explanation:

use the pythagorean theorem to solve this - a^2 + b^2 = c^2

8.5^2 + 11^2 = c^2

solving gets us a value of 193.25, so next, get the square root of that to the the diagonal length (13.90143...)

plz look at chart then answer 1 question

Answers

Answer:

0.84

Step-by-step explanation:

not for sure but i think im right

Answer:

0.84

Step-by-step explanation:

12 x 0.07 is 0.84

Cameron has 75% as many shirts as her brother. How many shirts does her brother have if Cameron has 9 shirts?
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B) 9 shirts
C) 12 shirts
D) 16 shirts

Answers

Your answer is C 12 shirts hope this helped

I just want the answer. Plis help me

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-23
That is what I think it is. Sorry if that doesn’t help!
i believe the answer is 1

Robbie made a scale drawing of a neighborhood park. A Soccer field in the park is 14 inches long
in the drawing. The actual field is 98 yards long. What is the scale of the drawing? 1 inch = _ yards

Answers

Answer:

14 it is not 14

Step-by-step explanation:

Answer:

ITS NOT 14

Step-by-step explanation:

I got it wrong anything besides that

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