Connor invested $8,000 in an account paying an interest rate of 82% compounded monthly. Henry invested $8,000 in an account paying an interest rate of 8 %
compounded daily. After 5 years, how much more money would Henry have in his
account than Connor, to the nearest dollar?

Connor would have $83.37 more than Henry.

Step-by-step explanation:

Connor:

Initial investment= $8,000

Interest rate= 8.2% = 0.082/12= 0.00683

Number of periods= 12*5= 60 months

Henry:

Initial investment= $8,000

Interest rate= 8% = 0.08/365= 0.00022

Number of periods= 365*5= 1,825 days

To calculate the future value, we need to use the following formula on each investment:

FV= PV*(1+i)^n

Connor:

FV= 8,000*(1.00683^60)

FV= $12,035.35

Henry:

FV= 8,000*(1.00022^1,825)

FV= $11,951.98

Difference= 12,035.35 - 11,951.98= $83.37

Connor would have $83.37 more than Henry.

a function could be identified in 3 ways either on a chart,graph, or ordered pairs. first a function is that each point has its own. the rule is that there can be many x's to one y but there can not be 2 x's at different y's. so on a graph when you put a straight line through the y's there should be one dot only to be a function.

step-by-step explanation:

they go with it happens or they mite give a chance?

step-by-step explanation: