Mathematics, 27.07.2021 01:00 cfnewton09
Kraig deposited money into a money market account. It has an interest of 12% and is compounded annually. Kraig thought 3% would be the equivalent quarterly interest rate. Is Kraig correct? If he is, explain why. If he is not correct, state what the equivalent quarterly interest rate. Explain.
Answers: 3
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Simonne used the following steps to simplify the given expression. 12 - 3(-2x + 4) step 1: 12 + (β3)Β·(β2x) + (β3)Β·(4) step 2: 12 + 6x + (β12) step 3: 12 + (β12) + 6x step 4: 0 + 6x step 5: 6x what property of real numbers was used to transition from step 3 to step 4? a. identity property of addition b. inverse property of addition c. associative property of addition d. commutative property of addition
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Kraig deposited money into a money market account. It has an interest of 12% and is compounded annua...
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