subject
Mathematics, 01.07.2020 15:01 purplefish53

Nancy wants to receive the most return on a $50,000 investment. She has two options. Option 1 gives annual interest at 5% compounded yearly. Option 2 gives annual interest at 3.5% compounded monthly. Which option is better after 3 years, and what is the difference in earned interest? 1Option 2 earns more interest by $3,581.52. Option 2 earns more interest by $2,396.13. Option 1 earns more interest by $2,396.13. Option 1 earns more interest by $3,581.52.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
According to modern science, earth is about 4.5 billion years old and written human history extends back about 10,000 years. suppose the entire history of earth is represented with a 10-meter-long timeline, with the birth of earth on one end and today at the other end.
Answers: 2
question
Mathematics, 21.06.2019 21:00
These box plots show the number of electoral votes one by democratic and republican presidential candidates for the elections from 1984 through 2012. which statement best compares the spread of the data sets
Answers: 2
question
Mathematics, 21.06.2019 22:30
My hour hand points between the 8 and the 9 in 35 minutes it will be the next hour. what time is it ?
Answers: 2
question
Mathematics, 21.06.2019 23:00
Will give a: 122 b: 90 c: 48 d: 180
Answers: 1
You know the right answer?
Nancy wants to receive the most return on a $50,000 investment. She has two options. Option 1 gives...
Questions
question
Mathematics, 21.06.2020 06:57
question
Mathematics, 21.06.2020 06:57
question
Mathematics, 21.06.2020 06:57
question
Mathematics, 21.06.2020 06:57
question
Social Studies, 21.06.2020 06:57
Questions on the website: 13722367