Mathematics, 19.07.2019 17:30, dakotacsey03
George and jim were brother were brothers who were each left an inheritance of $20,000. george invested his money in an account for 5 years at an annual interst rate of 6% compounded quarterly, jim invested his money for 5 years at an annual simple interest rate of 6.75%.at the end of the five years, they agreed to pool their accumulated principals into one account for a further 5 years with an annual interest rate of 5% compounded monthly. a. how much accumulated principal did george and jim each have after 5 years? hence determine how much money they had to pool. b. what was the accumulated principal of their pooled money at the end of the 10 year period. c. when george and jim first recieved their inheritance, the executor of the will suggested that they pool their resources immediately for 10 years and invest in an account that paid an annual interest rate of 6.75% compounded monthly. in view of your answer in (a) and (b) above, should they have taken this advice? explain.
Answers: 1
Mathematics, 21.06.2019 16:00, yurimontoya759
12. the amount of money in a bank account decreased by 21.5% over the last year. if the amount of money at the beginning of the year is represented by ‘n', write 3 equivalent expressions to represent the amount of money in the bank account after the decrease?
Answers: 2
Mathematics, 21.06.2019 18:00, NeonPlaySword
Four congruent circular holes with a diameter of 2 in. were punches out of a piece of paper. what is the area of the paper that is left ? use 3.14 for pi
Answers: 1
Mathematics, 21.06.2019 20:00, Chen5968
The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. according to the standard deviation rule, how much did almost all (99.7%) of the students spend on textbooks in a semester?
Answers: 2
George and jim were brother were brothers who were each left an inheritance of $20,000. george inves...
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