(b) Part B: Exceeds Mastery Aaron just inherited $8,000 from his grandmother. He plans to invest the money, not touching it for five years. He can invest in treasury bills at 5% interest,
compounded annually, or in a money market account earning 8% annual simple interest.
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a) Determine if each investment can be modeled with a linear or exponential function.
b) Justify your answer to a.
c) Which account should he invest in and why?
INTL O 13:36
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DOLL

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

27 + 13x + 15 = (x + 5)( =

step-by-step explanation:

27 + 13x + 15 = (x + 5)( = 27 + 13x + 15 = (x + 5)( = 27 + 13x + 15 = (x + 5)( =

b. hoped i'm right lol

step-by-step explanation: