Mathematics, 21.04.2020 03:57, IIIKiXIII
Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%. Gavin thought the equivalent quarterly interest rate would be 2.25%. Is Gavin correct? If he is, explain why. If he is not correct, state what the equivalent quarterly interest rate is and show how you got your answer.
Answers: 1
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Eliza wants to make $10,000 from her investments. she finds an investment account that earns 4.5% interest. she decides to deposit $2,500 into an account. how much money will be in her account after 14 years?
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Javier bought a painting for $150. each year, the painting's value increases by a factor of 1.15. which expression gives the painting's value after 77 years?
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Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%...
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