Mathematics, 27.01.2021 21:20 savannabroyhill24

Nancy wants to receive the most return on a $50,000 investment. She has two options. Option 1 gives annual interest at 5% compounded yearly. Option 2 gives annual interest at 3.5% compounded monthly. Which option is better after 3 years, and what is the difference in earned interest?

Group of answer choices:

Option 1 earns more interest by $2,354.21.

Option 1 earns more interest by $3,581.52.

Option 2 earns more interest by $2,354.21.

Option 2 earns more interest by $3,581.52.

Answers: 1

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 20:30

Apinhole camera is made out of a light-tight box with a piece of film attached to one side and pinhole on the opposite side. the optimum diameter d(in millimeters) of the pinhole can be modeled by d=1.9[ (5.5 x 10^-4) l) ] ^1/2, where l is the length of the camera box (in millimeters). what is the optimum diameter for a pinhole camera if the camera box has a length of 10 centimeters

Answers: 1

Answer

Mathematics, 21.06.2019 22:00

The median am of triangle ∆abc is half the length of the side towards which it is drawn, bc . prove that triangle ∆abc is a right triangle, and find angle mac and abm

Answers: 1

Answer

Mathematics, 21.06.2019 23:30

Ateacher wanted to buy a chair, a bookshelf, two tables and a desk. she spent $900 for all five items and the chair and the desk combined 70% of her total. if the bookshelf cost $50, how much did each of the tables cost?

Answers: 1

Answer

Mathematics, 22.06.2019 02:30

For every touchdown scored by the timberwolves the mascot does three backflips if the cheerleaders set off six confetti cannons how many touchdowns did the timberwolves score if the cheerleader set of 18 confetti cannons

Answers: 1

Answer

You know the right answer?

Nancy wants to receive the most return on a $50,000 investment. She has two options. Option 1 gives...

Questions

Mathematics, 13.07.2019 19:00

In a triangle, the second angle is twice the measure of the first, and the third angle is three times the measure of the second. find the measure of t...

Mathematics, 13.07.2019 19:00

According to the rational root theorem, -2/5 is a potential rational root of which function? f(x) = 4x4 – 7x2 + x + 25 f(x) = 9x4 – 7x2 + x + 10 f(x)...