Mathematics, 28.01.2021 01:00 markfaerman5408
You have just received an inheritance of $28,000 and would like to invest it into an account. The bank offers two investment plans, one for 4 years at 5.8% compounded annually and another for 3 years at 7.083% compounded annually. You want to make equal annual withdrawals from the account over the life time of the loan. Which investment will yield the highest annual withdraw and by what amount, given that the account will be zeroed out by the end of that period? Round your answer to the nearest cent.
a.
4 year account; $8,043.59
c.
4 year account; $10,436.34
b.
3 year account; $10,685.63
d.
3 year account; $8,281.88
Answers: 2
Mathematics, 21.06.2019 17:30
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Mathematics, 21.06.2019 21:30
If you flip a coin 3 times, what is the probability of flipping heads 3 times? a. p(3 heads) = 3/8 b. p(3 heads) = 1/6 c. p(3 heads) = 1/8 d. p(3 heads) = 1/2
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Mathematics, 21.06.2019 23:00
Which geometric principle is used to justify the construction below?
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You have just received an inheritance of $28,000 and would like to invest it into an account. The ba...
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