subject
Mathematics, 25.10.2019 07:43 mariah9695

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

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 12:30
Mercury poisoning is dangerous overload of mercury within the body. a major source of mercury within the body, a major source of mercury poisoning is consuming fish that contain mercury. certain fish are more prone to having higher levels of mercury than others. the pie chart shows the distribution of four breeds of fish at a hatchery. the hatchery has approximately 6,000 fish. a biologist from the centers for disease control and prevention randomly test 5% of each breed of fish for mercury content. her findings are shown in the following table. based on the biologist's findings, if a single salmon is randomly selected from those that were tested, what is the probability that this particular fish would have a dangerous mercury level? a) 0.001 b) 0.004 c) 0.02 d) 0.08
Answers: 1
question
Mathematics, 21.06.2019 20:30
The cost of using a service is $0.25 per min. what equation correctly represents the total cost c, in dollars, for d days of use?
Answers: 2
question
Mathematics, 21.06.2019 21:00
Factor the trinomial below. 12x^2 - 32x - 12 a. 4(3x+3)(x-1) b. 4(3x+1)(x-3) c. 4(3x+6)(x-2) d. 4(3x+2)(x-6)
Answers: 2
question
Mathematics, 21.06.2019 21:20
Which of the following can be used to explain a statement in a geometric proof?
Answers: 2
You know the right answer?
You have just received an inheritance of $28,000 and would like to invest it into an account. the ba...
Questions
question
Biology, 28.08.2019 07:10
question
Mathematics, 28.08.2019 07:10
question
Biology, 28.08.2019 07:10
question
Mathematics, 28.08.2019 07:10
Questions on the website: 13722360