Peter invests $1000 at 4% compounded annually for 10 years and Jose invests $900 compounded annually at 5% for 11 years. Who ends up with more money? And how much more money?

Jose ends up with more money with $59 more than Peter.

Step-by-step explanation:

To determine the amount they will have, you have to use the formula to calculate the future value:

FV=PV(1+r)^n

FV= future value

PV= present value

r= rate of interest

n= number of periods of time

-Peter:

FV=1,000*(1+0.04)^10

FV=1,000*1.48

FV=1,480

-Jose:

FV=900*(1+0.05)^11

FV=900*1.71

FV=1,539

Difference: $1,539-$1,480=$59

According to this, the answer is that Jose ends up with more money with $59 more than Peter.

answer: the answer is ann

b

step-by-step explanation:

the equation of a line in point- slope form is

y - b = m(x - a)

where m is the slope and (a, b) a point on the line

calculate m using the slope formula

m = (y₂ - y₁ ) / (x₂ - x₁ )

with (x₁, y₁ ) = (0, 4) and (x₂, y₂ ) = (3, - 5) ← 2 points on the line

m = = = - 3

with m = - 3 and (a, b) = (3, - 5), then

y - (- 5) = - 3(x - 3), that is

y + 5 = - 3(x - 3) → b