Use Graphs to Find the Set $( 7 , \infty ) \cup [ 13 , \infty )$

question 399

Multiple Choice

Use graphs to find the set.
- $( 7 , \infty ) \cup [ 13 , \infty )$

• A) \(( 7 , \infty )\)
• B) \([ 13 , \infty )\)
• C) \(( 7,13 ]\)
• D) \(( - \infty , \infty )\)

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Definitions:

Nominal Rate

The stated or advertised interest rate on a loan or investment, not accounting for compounding or fees.

Effective Rate

The interest rate on a loan or financial product, adjusted for the effect of compounding over a specified period of time.

Semi-annually Compounded

A method of computing interest in which interest is added to the principal balance twice a year, resulting in compound growth.

Effective Rate

The actual rate of interest earned or paid on an investment or loan, taking into account compounding.