Orlando has a loan with an effective interest rate of 7.918%, compounded annually. which of the following must be true? i. in the effective rate formula, n is equal to one. ii. the nominal rate is 7.918%. iii. the federal funds rate is static. a. i and ii b. ii only c. iii only d. i, ii, and iii

Correct answer is option b.

Step-by-step explanation:

Given that Orlando has a loan with an effective interest rate of 7.918%, compounded annually. That means the nominal rate is 7.918%. In this case, n is equals to 2 in the effective rate formula.

Answer is actually:   A) I and II

we know that

applying the law of sines

°

so

∠j=18°

∠k=29°

∠l=180-(18+29)=133°

the answer part a) is

the measure of angle k is  ≈29°

part b)  the measure of angle k could also be

(180-29)=151°

so

∠j=18°

∠k=151°

∠l=180-(18+151)=11°

the answer part b) is

the measure of angle k could also be 151°

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