Mathematics, 23.05.2020 01:03, 2kdragginppl
A bank offers a savings account which pays 3% interest per year. The amount of money in the account after t years is represented by the expression P(1 + I/n)^nt, where P represents the initial amount of money invested, n represents the number of times per year the interest is compounded, i represents the interest rate, and t represents the number of years the money has been invested. Which statement describes what happens with the savings account when the interest is compounded monthly instead of yearly? Select two that apply.
A. The variable t will change because it is a factor that is multiplied by n. B. The variable t will not change because it is a factor that is independent of n. C. The variable i will change because it is a factor that is dependent on n. D. The variable P will not change because it is a factor that is independent of n. E. The variable P will change because it is multiplied by a factor that is dependent on n.
Answers: 1
Mathematics, 21.06.2019 19:30, auviannadority13
Equation for the calculation double 2 and then add 5
Answers: 1
Mathematics, 21.06.2019 20:00, carltonwashington23
The midpoints of the sides of the large square are joined to form a smaller square. what is the area of the smaller square
Answers: 1
A bank offers a savings account which pays 3% interest per year. The amount of money in the account...
Engineering, 11.01.2021 22:30
Mathematics, 11.01.2021 22:30
Advanced Placement (AP), 11.01.2021 22:30
Mathematics, 11.01.2021 22:30
Mathematics, 11.01.2021 22:30
Mathematics, 11.01.2021 22:30