Mathematics, 10.06.2021 19:40, tigermath85
Tasha invests $5,000 at 6% annual interest and an additional $5,000 at 8% annual interest. Thomas invests $10,000 at 7% annual interest. Which statement accurately compares Tasha’s and Thomas’s investments if interest is compounded annually?
Compound interest formula: V (t) = P (1 + StartFraction r Over n EndFraction) Superscript n t
t = years since initial deposit
n = number of times compounded per year
r = annual interest rate (as a decimal)
P = initial (principal) investment
V(t) = value of investment after t years
Each person will have exactly the same amount over time because each invested $10,000 at an average interest rate of 7%.
Tasha’s investment will yield more over many years because the amount invested at 8% causes the overall total to increase faster.
Thomas’s investment will yield more from the start because he has more money invested at the average percentage rate.
Tasha’s investment will yield more at first because she invested some at a higher rate, but Thomas’s investment will yield more over the long run.
Answers: 1
Mathematics, 21.06.2019 17:30, lamanihill
Aplot of land is shaped like a quadrilateral. fences are built on the diagonal to divide the area into 4 sections. what is vi to the nearest tenth? gv = 6.55fv = 5.84vh = 3.27vi = ?
Answers: 1
Mathematics, 21.06.2019 20:30, dominaricann2451
When you have 25 numbers, and jake picks 3 random numbers and puts them back, what is the chance bob has of picking those 3 numbers when he picks 6 random numbers (without putting them back)? explain.
Answers: 1
Mathematics, 21.06.2019 22:30, lekepius3715
Given the system of equations presented here: 2x + 4y = 14 4x + y = 20 which of the following actions creates an equivalent system such that, when combined with the other equation, one of the variables is eliminated? multiply the second equation by â’4 to get â’16x â’ 4y = â’80 multiply the second equation by â’1 to get â’4x â’ y = â’20 multiply the first equation by 2 to get 4x + 8y = 28 multiply the first equation by â’1 to get â’2x â’ 4y = â’14
Answers: 1
Tasha invests $5,000 at 6% annual interest and an additional $5,000 at 8% annual interest. Thomas in...
English, 18.08.2020 08:01
Mathematics, 18.08.2020 08:01
Mathematics, 18.08.2020 08:01
Biology, 18.08.2020 08:01
Chemistry, 18.08.2020 08:01