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 13:00
Which equation requires the division property of equality to be solved?
Answers: 1
question
Mathematics, 21.06.2019 13:00
The production line where you work can assemble 5 appliers every 30 minutes at this rate how long should it take the line to assemble 125 amplifiers
Answers: 1
question
Mathematics, 21.06.2019 18:00
Liz is shipping a package to her friend.the maximum weight of a medium flat-rate box is 20 pounds,including the box which weighs 6 ounces.write and solve an inequality to describe the possible weight ,w, of the contents that liz will ship to her friend if she must use a medium flat-rate box.
Answers: 2
question
Mathematics, 21.06.2019 20:30
In the diagram of circle o, what is the measure of zabc?
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
History, 02.07.2019 03:00
question
Biology, 02.07.2019 03:00
Questions on the website: 13722367