You decide to invest $800 for 6 years and you have a choice between two accounts. The first
pays 7% per year compounded monthly. The second plan pays 6.85% per year, compounded
continuously. Which is the better investment? Explain. *

Answers

Answer 1

Answer:

the first plan is better

this is because the effective annual interest of the first plan is 7.23 which is higher than that of the second plan which is 7.09. this means that the interest rate of the first option would be higher

2. the future value of option 1 is higher than that of option 2

Step-by-step explanation:

The effective annual rate can be used to determine which option is better

the option with the higher effective annual rate is the better option

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

(1 + 0.07/12)^12 - 1 = 7.23%

option 2

EAR = e^r - 1

2.7182818^0.0685 - 1 = 7.09%

2nd method of determining the better investment is to determine the future value of each option

Option 1 : 800( 1 + 0.07/12)^(12 x6) = 1216.08

option 2 = 800e^(0.0685 x 6) = 1206.60

option 1 has the higher future value

Answer 2

Answer:6757.62

Step-by-step explanation:

use the formula for compound interest. In order for april to have an account balance of 86000 after 6 years, her initial investment must be $6,758 rounded to the nearest dollar.


Related Questions

if LMNO is a rectangle, and MO=54, what is the length of line NP?
answers
a.) 34
b.) 22
c.) 18
d.) 108
e.) 27
f.) cannot be determined

Answers

Answer:

27 is the correct answer

Answer:

27

Step-by-step explanation:

Three Bell ringing constituency in intervals of 30,36 and 45 minutes respectively. At what time will they ring together again if they ring simultaneously at 8:00 a.M.​

Answers

Answer:

The bells will ring simultaneously at 11.00 a.m

Step-by-step explanation:

Firstly, what we have to do here is to get the lowest common multiple the three numbers

The numbers are the given minutes

These are 30,36 and 45 minutes

The lowest common multiple of these three is 180 minutes

Now, we convert this to hours

60 minutes = 1 hour

180 minutes = x hours

x * 60 = 180 * 1

x = 180/60

x = 3 hours

If we added this to 8 am, we have 8 + 3 = 11 a.m

Gavyn was thinking of a number. Gavyn subtracts 8.3 from the number and gets an answer of 52.7. Form an equation with x from the information.

Answers

x - 8.3 = 52.7

x = 61

5. In the triangle ABC, M is the midpoint of [AB] and N is the midpoint of [CM].
Find the coordinates of N. Given that A(-1,3), B(7.-3) and C(1,6).

Answers

Answer:

The coordinates of the point N is (2,3)

Step-by-step explanation:

For us to find the midpoint between two points

We use the midpoint formula which is;

(x,y) = (x1 + x2)/2, (y1 + y2)/2

We start by finding the midpoint of AB to get the coordinates of the point M

A(-1,3) and B(7,-3)

(x,y) = (-1 + 7)/2, (3-3)/2 = (6/2,0/2) = (3,0)

Now that we have the coordinate of M, we can find the midpoint of CM to get the coordinates of N

C(1,6) and M (3,0)

(x,y) = (1 + 3)/2, (6+0)/2 = (4/2, 6/2) = (2,3)

Which statement correctly compares the two functions? A. They have the same end behavior as x approaches [infinity], but they have different x- and y-intercepts. B. They have the same x-intercept and the same end behavior as x approaches [infinity]. C. They have the same y-intercept and the same end behavior as x approaches [infinity]. D. They have the same x-intercept and the same y-intercept.

Answers

Answer:

A. They have the same end behavior as x approaches [Infinity], but they have different x- and y- intercepts.

Step-by-step explanation:

The x and y intercepts in mathematics can depict more than one function. They can have same end behavior as x approach. The x and y intercepts can be different for the two functions.

Is -2 a solution to 4x^(3)-x^(2)+16x-4

Answers

Answer:

Not a solution

Step-by-step explanation:

In order for [tex]x=-2[/tex] to be a solution, the result after substituting must be 0:

[tex]4(-2)^3-(-2)^2+16(-2)-4\stackrel{?}{=}0[/tex]

[tex]4(-8)-4-32-4\stackrel{?}{=}0[/tex]

[tex]-32-40\stackrel{?}{=}0[/tex]

[tex]-72\neq0[/tex]

Therefore, [tex]x=-2[/tex] is not a solution to [tex]4x^3-x^2+16x-4[/tex]

Which is not a benefit of direct deposit?


A.
You can plan when you are paying bills.


B.
You can avoid having a hold placed on when funds are available.


C.
The money is available as soon as your employer makes the transfer.


D.
You do not need to drive to the bank to make a deposit.

Answers

A because I took the test

Answer:

Its B. You can avoid having a hold placed on when your funds are available

Step-by-step explanation:

I just got it right rn.

The problem has been started for you.


What is the quotient?
86
86.6
86.ModifyingAbove 6 with bar
87

Answers

Answer:

the third one

Step-by-step explanation:   6  22  22  24

the quotient is 86.6666666   the repeating 6 is sometimes written with a bar above the .6  like

   

86.6   except the bar is on top of the second 6

Help please ASAP ASAP ASAP

Answers

Answer:

-3/2

Step-by-step explanation:

simply make y the subnext of the equation

Answer:

Step-by-step explanation:

3x - 2y = 18

-2y = - 3x + 18

y = 3/2 x - 9

slope of a parallel line would be M = 3/2

Now that you know Theresa's height, find Paul's and Steve's height. Plug Theresa's height into the expressions for Paul's height and Steve's height. How tall are they each in inches? Are they both the same height?

Answers

Answer:

Theresa is 58.82 in tall

Step-by-step explanation:

Let  

x----------> Paul and Steve heights

y----------> Theresa height

we know that

1 1/2-------> 3/2---> 1.5

1 1/3-------> 4/3----> 1.33

Paul says he is 16 inches shorter than 1 1/2 times Theresa's height

x=1.5y-16-------> equation 1

Steve says he's 6 inches shorter than 1 1/3 times Theresa's height

x=1.33y-6------> equation 2

equals 1 and 2

1.5y-16=1.33y-6

1.5y-1.33y=-6+16

0.17y=10----------> y=58.82 in

x=1.5y-16------> 1.5*(58.82)-16------> x=72.24 in

the answer is

Theresa is 58.82 in tall

Congruent angle pairs : find value of x and the value of y

Answers

the answer is C x=50 y=10

What is the rate of change of the function?

Answers

Answer:

3

Step-by-step explanation:

the rate of change of the function, or the slope is 3 because to get to one point from the other point in the line, you would have to go up 3 and over 1 (3/1) or just 3.

Hope this helps

Could someone please help me if you don’t mind?

Answers

Answer:

v = lhw

Step-by-step explanation:

[tex]\frac{v}{lh} = w[/tex]

v = lhw

rewrite the following linear equations in general form

can someone help explain how to do this?​

Answers

Answer:

5y = x +15

Step-by-step explanation:

here you have to multiply both sides with 5 to make it a general form ,

5(y) = 5(1/5x) + 5(3)

5y = x + 15

Got a little help from app called Gauthmath. It got concept videos and tutors. You can check it on Play Store and App Store. Really good app in my opinion.

Hope this helps. :)

4x-5y+2x+4+6+9y+7x+2​

Answers

Answer:

[tex]13x+4y+12[/tex]

Step-by-step explanation:

Combine all the like terms & then solve:

[tex](4x+2x+7x)+(-5y+9y)+(4+6+2)[/tex]

[tex]13x+4y+12[/tex]

[tex]\implies {\blue {\boxed {\boxed {\purple {\sf { \: 13x + 4y + 12}}}}}}[/tex]

[tex]\large\mathfrak{{\pmb{\underline{\red{Step-by-step\:explanation}}{\red{:}}}}}[/tex]

[tex]4x - 5y + 2x + 4 + 6 + 9y +7 x + 2[/tex]

Combining like terms, we have

= [tex] \:( 4x + 2x + 7x ) + (9y- 5y )+ (4 + 6 + 2)[/tex]

= [tex] \: 13x + 4y + 12[/tex]

[tex]\large\mathfrak{{\pmb{\underline{\orange{Mystique35 }}{\orange{❦}}}}}[/tex]

Which value of y makes the equation 55/y = 5 true?

Answers

Answer:

11

Step-by-step explanation:

55/11=5

pls solve quickly !!

Answers

Answer:

Options A

Step-by-step explanation:

Properties of the graph given for the function 'g',

y-intercept of the function 'g' → y = -4

Minimum value of g(x) → y = -4 (Value of the function at the lowest point)

Roots of g(x) → x = -2, 2

At x = 4,

g(4) = 11

Another function is,

f(x) = -x² - 4x - 4

     = -(x² + 4x + 4)

     = -(x + 2)²

Properties of the function f(x) = -(x + 2)²,

y-intercept (at x = 0) of the function 'f',

y = -(x + 2)²

y = -4

Since, leading coefficient of the function is (-1) therefore, graph will open downwards and the maximum point will be its vertex.

Maximum value of the function 'f' = Value of the function at the vertex

Coordinates of vertex → (-2, 0)

Therefore, maximum value of 'f' = 0

Roots (at y = 0) of the function 'f' → x = -2

At x = 4,

f(4) = -(4 + 2)²

     = -36

Therefore, Options A will be the correct option.

Help me with this question too

Answers

Answer:

The one on the right

Step-by-step explanation:

Because it is 4 then 3

Answer:

the second one (the one to the right)

Step-by-step explanation:

Which word BEST describes 3x, 5y, and z in the expression 3x − 5y + z?
A) terms
B) products
C) variables
D) coefficients

Answers

Answer:

Co-efficients

Step-by-step explanation:

there is a number and variable.

Let t=4 and u=6+2i. Find t+u.

Answers

The answer for the following question is 12i.

Answer:

t + u = 10 + 2i

Step-by-step explanation:

t + u

= 4 + 6 + 2i ← collect like terms

= 10 + 2i

PLEASE HELP!!!

Write the factored form of the least common denominator needed to simplify this expression

Answers

Yea I’m not really sure I need help on that too

Answer:

(g+5)x(g-3)

Step-by-step explanation:

Continue the number pattern for the next three terms 1,8,27.....,........,..........

Answers

Answer:

64, 125, 216

Step-by-step explanation:

1, 8, and 27 are perfect cubes, i.e., each is the cube of an integer, and they're perfect cubes of consecutive positive integers:

1 = 1³ = 1×1×1

8 = 2³  

27 = 3³

Therefore, the next three-term numbers of the given sequence are:

64 =  4³

125 = 5³ and

216 = 6³

Therefore, the final sequence will look like this:

1, 8, 27, 64, 125, 216

Why would there be a difference between percentages with the Empirical Rule and the actual percentages?

Answers

Answer:

Given that [tex]\int\limits^a_b {\frac{1}{2\pi } e^{-1/2} x} \, dx[/tex]   is not the easiest equation to solve, and that

the values at the convenient ± 1 sigma,± 2 sigma,± 3 sigma are irrational

using the "rule-of-thumb" "empirical rule" is typically "close enough"

given that the whole probability analysis by definition has some uncertainty in it

Step-by-step explanation:

The percentages of a normal distribution data lies within three standard deviations of its mean for empirical rule while it's definite for actual percentages.

What is the empirical rule?

The empirical rule is also referred to as the 68-95-99.7 rule and it can be defined as a rule in statistics which states that:

The middle 68% of a normal distribution would be within one standard deviation of its mean (µ ± σ).The middle 95% of a normal distribution would be within two standard deviations of its mean (µ ± 2σ).The middle 99.7% of a normal distribution would be within three standard deviations of its mean (µ ± 3σ).

In Statistics, there is a difference between percentages calculated by using the empirical rule and the actual percentages because a normal distribution data lies within three standard deviations of its mean for the former but it is definite for the latter.

In conclusion, the empirical rule is more important to researchers and statistician because it can be used to determine outcomes and gain insight even when all the data aren't available.

Read more on normal distribution here: https://brainly.com/question/4637344

#SPJ6

A chewing gum consists of 30% corn syrup and 40% sugar. The rest was made up by gum Arabic. Find the weight of the Gum Arabic in a 25gm piece of the chewing gum. Max points pls just bloody answer it

Answers

Answer:

7.5 grams

Step-by-step explanation:

The percent of gum Arabic is 100 -30 -40 = 30 %

30%  of 25 g =

.30 * 25

7.5 grams

Answer:

[tex]7.5gm[/tex]

Step-by-step explanation:

Solution:

[tex]100\% - 30\% - 4\% = 3\% \: arabic \\ 30\% \times 25 = 7.5[/tex]

Jaheem has a goal running a total of 125 miles this month. Each day that he ran, he ran 7 miles. Which expression could Jaheem use to determine how many miles he has left to run after running for d days?
x a.
125 – 7d


x b.
7d + 125


x c. fraction numerator 125 over denominator 7 d end fraction

x d.
7d

Answers

Answer:

a. 125 – 7d

Step-by-step explanation:

Let d be the number of days.

Given the following data;

Total distance (month) = 125 miles

Distance covered per day = 7 miles

To determine how many miles he has left to run after running for "d" days, this mathematical expression can be used;

Total distance - distance covered per day = number of miles remaining

[tex] 125 - 7d [/tex]

3 A(3, 1 1/2), B(- 5, - 3) and C(7, - 2) are the vertices of triangle ABC. What are the coordinates of M, the midpoint of BC and of Q, the midpoint of AM?​

Answers

The length of the papacy shown in there is wrong why Beacsue it was drawn

If a +b+c=9 and a square +b square +square =1 then ab+bc+ca

Answers

Answer:

ab + bc + ca = 40

Step-by-step explanation:

Using the expansion identity

(a + b + c)² = a² + b² + c² + 2(ab + bc + ca) , that is

9² = 1 + 2(ab + bc + ca)

81 = 1 + 2(ab + bc + ca) ← subtract 1 from both sides

80 = 2(ab + bc + ca) ← divide both sides by 2

40 = ab + bc + ca

please I need this question fast please​

Answers

We have a linear function y=kx+b and we know that                                                       [tex]\displaystyle\bf \left \{ {{5*1+c=2} \atop {5p+c=-2}} \right.=>\left \{ {{c=-3} \atop {5p+c=-2}} \right. => 5p-3=-2 => p=\frac{1}{5}[/tex]                                       [tex]\displaystyle\bf Answer: \boxed{C) \quad p=\frac{1}{5} }[/tex]                            

Estimate each of the following using general rule:
a) 4345 + 6784
b) 6947 x 378

Answers

Answer:

a) 11,129

b) 2,625,966

I think that the answer

Pls help me with this equation

Answers

Answer:

x = 20

Step-by-step explanation:

Given BD = CD then Δ BCD is isosceles and the 2 base angles are congruent

∠ CBD = ∠ BCD = 40° , then

∠ BDC = 180° - (40 + 40)° = 180° - 80° = 100° ← sum of angles in triangle

Sum the 3 angles of Δ ACD and equate to 180

20 + 100 + x + 40 = 180

160 + x = 180 ( subtract 160 from both sides )

x = 20

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