Mathematics, 17.09.2019 22:00, QueenThao8933
You have just received an inheritance of $28,000 and would like to invest it into an account. the bank offers two investment plans, one for 4 years at 5.8% compounded annually and another for 3 years at 7.083% compounded annually. you want to make equal annual withdrawals from the account over the life time of the loan. which investment will yield the highest return over the duration of the loan, given that the account will be zeroed out by the end of that period?
Answers: 1
![\bf \qquad \qquad \textit{Amortized Loan Value} \\\\ pymt=P\left[ \cfrac{\frac{r}{n}}{1-\left( 1+ \frac{r}{n}\right)^{-nt}} \right]](/tpl/images/0237/6035/b386b.png)
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 15:40, demarcuswiseman
Is it true that product of 3 consecutive natural numbers is always divisible by 6? justifyyour answer
Answers: 2
Mathematics, 22.06.2019 00:00, oliviaclerk5
Tony is charged $ 50 and additional $0.15 per miles for renting a car. a) represent the cost of renting a car with an equation, and the determine the cost if he drove it70 miles. b) what would be the cost of a car rental if the car was driven 250 miles? show work
Answers: 1
Do you know the correct answer?
You have just received an inheritance of $28,000 and would like to invest it into an account. the ba...
Questions in other subjects:
Biology, 29.06.2019 14:00
Mathematics, 29.06.2019 14:00
