Mathematics, 20.07.2020 02:01, ltay92

You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 3% or the interest on $100,000 invested for 2 years at an interest rate of 3% compounded quarterly Which investment as the greater amount of interest? Give the difference between the amounts of interest earned by the two investments

the investment with simple? or compound?
interest earns $___ more in interest.

(Round to the nearest cant as needed.)

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 20:10, morgantisch25

A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.

Answers: 1

continue

Mathematics, 21.06.2019 21:10, Ahemingway7164

Mackenzie needs to determine whether the rectangles are proportional. which process could she use? check all that apply.

Answers: 1

continue

Mathematics, 21.06.2019 22:30, mackenziepaige6525

The median for the given set of six ordered data values is 29.5 9 12 25 __ 41 48 what is the missing value?

Answers: 1

continue

Mathematics, 21.06.2019 23:00, freebyyy7032

Unaware that 35% of the 10000 voters in his constituency support him, a politician decides to estimate his political strength. a sample of 200 voters shows that 40% support him. a. what is the population? b. what is the parameter of interest? state its value c. what is the statistics of the interest? state its value d. compare your answers in (b) and (c) is it surprising they are different? if the politician were to sample another 200 voters, which of the two numbers would most likely change? explain

Answers: 2

continue

Do you know the correct answer?

You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 3...