Mathematics, 25.05.2021 23:50 neyssa83

You have $1,200 to invest, and are looking at different investment options: -Bank of Lane Tech offers a savings account that pays 4.125% interest, compounded quarterly.
-Tennison Investments offers an account that pays 4.12% interest, compounded continuously.

Answer the following questions about the accounts:

1. How much money would be in each account after 3 years?

2. After 4 years, which account(s) would let you afford the Italian vacation you want to take, which you
estimate will cost you $1,420? Both? Neither? Only one (which one)? Show your work.

Answers: 1

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 23:00

Bobs burgers bam has a special deal of 4 hamburgers for $6. at that rate, how much should it cost to buy 3 hamburgers?

Answers: 1

Answer

Mathematics, 22.06.2019 00:00

The amount cami raised during last year’s charity walk, $45.50, is 7/10 of the amount she raised this year. which equation represents n, the number of dollars she raised this year?

Answers: 2

Answer

Mathematics, 22.06.2019 00:30

Roy has 4 1/2 pizzas for the soccer team to split after the game. if each member is going to get 1/2 of a pizza, how many players are on the soccer team

Answers: 1

Answer

Mathematics, 22.06.2019 02:30

What is the output, or dependent variable of quantity? 1: x 2: f(x) 3: y

Answers: 1

Answer

You know the right answer?

You have $1,200 to invest, and are looking at different investment options: -Bank of Lane Tech offe...

Questions

Mathematics, 10.09.2020 21:01

How do you solve 8(c-9)=6(2c-12)-4c...

Mathematics, 10.09.2020 21:01