Mathematics, 08.03.2021 21:30, pacpac1172

Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as the principle amount, with an interest of 2% compounded quarterly. Sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded monthly. Explain which method results in more money after 2 years.

Sherrie's method results in more money as hers is monthly compared to every four months but I'm not sure how to format the equations to get an exact number for each method.

$A=P(1+\frac{r}{n})^{nt}$

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 16:30, jimyyyy

Which composition of similarity transformations maps polygon abcd to polygon a'b'c'd'? a dilation with a scale factor less than 1 and then a reflection a dilation with a scale factor less than 1 and then a translation a dilation with a scale factor greater than 1 and then a reflection a dilation with a scale factor greater than 1 and then a translation

Answers: 3

continue

Mathematics, 21.06.2019 18:00, nadinealonzo6121

3382-299=3383- ? fill in the blank?

Answers: 2

continue

Mathematics, 21.06.2019 18:00, queenofspades

Saline iv fluid bags cost $64.20 for 24, 1000 ml bags from one supplier. a new supplier sells 500 ml bags for $2 each. the hospital uses about 10,000, 1000 ml bags each month. nurses report that about half of the bags are more than half full when they are discarded. if you are going to use only one supplier, which size bag provides the best deal, and how much will you save each month? compare the cost of the new supplier to the current one.

Answers: 1

continue

Mathematics, 21.06.2019 18:00, bandnerd1

In triangles abc and wxy, a=w and b=x which of the following must be true to prove abc=wxy by the aas theorem? a. ab=bc b. bc=xy c. ab=wx d.

Answers: 1

continue

Do you know the correct answer?

Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200...