QUESTION 3.1 POINT An investment pays 25% interest compounded monthly. What percent, as a decimal, is the effective annual yied? Enter your
answer as a decimal rounded to four decimal places.

9514 1404 393

  0.2807

Step-by-step explanation:

The relationship between the effective annual yield (e) and the nominal annual interest rate (r) compounded n times per year is ...

  e = (1 +r/n)^n -1

  e = (1 +0.25/12)^12 -1 = 0.2807 . . . . . . about 28.07%

use this formula:

p(a\b) = p(a and b)/p(b).

take it from here.

let m = monomial

let t = trinomial

so, m times t = t.

monomial times a trinomial = another trinomial.