subject
Mathematics, 03.11.2019 00:31 moose12002

1. gregory may choose between two accounts in which to invest $5000. account a offers 2.3% annual interest compounded monthly. account b offers continuous compound interest. greg plans to leave his investment untouched (no further deposits and no withdrawals) for 10 years.

(a) which account will yield the greater balance at the end of 10 years?

(b) how much more money does greg earn by choosing this more profitable account?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
How do you find principle and simple interest
Answers: 1
question
Mathematics, 21.06.2019 18:30
Atriangle with all sides of equal length is a/an triangle. a. right b. scalene c. equilateral d. isosceles
Answers: 2
question
Mathematics, 21.06.2019 22:00
The difference of two numbers is 40. find the numbers if 0.3 parts of one number is equal to 37.5% of the other one.
Answers: 1
question
Mathematics, 22.06.2019 01:00
Calculate the total payback for a $3,500 loan at 8% annual interest with monthly payments for two years. show all of your steps. use the formula, m = pm(1 + m)^na/(1 + m)^na - 1, as needed.
Answers: 1
You know the right answer?
1. gregory may choose between two accounts in which to invest $5000. account a offers 2.3% annual in...
Questions
Questions on the website: 13722363