Mathematics, 13.11.2020 06:50 dman09082000
Denise can invest $12,000 in an account at Bank A that earns 5% interest
compounded monthly OR she can invest at Bank B at a rate of 6.5%
compounded quarterly. Which is the first account to reach $20,000? Justify
your answer.
Answers: 2
Mathematics, 21.06.2019 14:30
The amount of money, in dollars, in an account after t years is given by a = 1000(1.03)^t. the initial deposit into the account was $_^a0 and the interest rate was _a1% per year. only enter numbers in the boxes. do not include any commas or decimal points^t. the initial deposit into the account was $__^a0 and the interest rate is % per year.
Answers: 2
Mathematics, 21.06.2019 17:00
Imogene invested $8,000 in a bank account that pays 8 percent simple interest at the end of each year. her friend invested the same amount in stocks where the growth of the investment is represented as 2,000 times the square root of 2 less than the time lapsed in years. if y1 and y2 represent the amount earned in dollars and t is the time lapsed in years, which system of equations correctly represents the situation?
Answers: 1
Denise can invest $12,000 in an account at Bank A that earns 5% interest
compounded monthly OR she...
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