subject
Mathematics, 13.11.2020 16:20 genyjoannerubiera

A. You have a choice between depositing your $100 into an account that earns 5% simple interest for 5 years or one that earns 4% compound interest for 5 years, which would you choose? Instructions: Enter your responses as whole numbers. After 5 years, your deposit in the 5% account would be worth $ 525 . After 5 years, your deposit in the 4% account would be worth $ 122 . Therefore, you should choose the account that yields 5% simple interest . B. What if you were depositing your $100 for 15 years? Instructions: Enter your responses as whole numbers. After 15 years, your deposit in the 5% account would be worth $ 1575 . After 15 years, your deposit in the 4% account would be worth $ 180 . Therefore, you should choose neither account .

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Data are collected to see how many ice-cream cones are sold at a ballpark in a week. day 1 is sunday and day 7 is the following saturday. use the data from the table to create a scatter plot.
Answers: 3
question
Mathematics, 21.06.2019 18:00
Henry is an avid reader, he devours 90 pages in half an hour how many pages has henry read per minute?
Answers: 1
question
Mathematics, 21.06.2019 20:00
Could somebody me with this radical simplification?
Answers: 1
question
Mathematics, 21.06.2019 23:40
For a function f(x), a) if f(7) = 22 then f^-1(22) = b) f^-1(f(c)) =
Answers: 2
You know the right answer?
A. You have a choice between depositing your $100 into an account that earns 5% simple interest for...
Questions
question
Physics, 21.05.2020 09:59
question
Mathematics, 21.05.2020 09:59
Questions on the website: 13722362