Mathematics, 02.09.2021 17:40, hePandaKing3689

HELP Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as principal amount, with an interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principal amount, with an interest of 5% compounded monthly. Explain which method results in more money after 2 years. Show all work.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 21:00, vbucks72

Which of the following is the best first step in solving the equation below? 4+2㏒³x=17

Answers: 1

continue

Mathematics, 21.06.2019 22:30, azainababbas

Which statement shows that 6.24 is a rational number? a. 6.24 = 6.242424 b. 6.24 = 6.24 c. 6.24 = 68⁄33 d. 6.24 = 66⁄25

Answers: 1

continue

Mathematics, 22.06.2019 00:30, floverek

Roy has 4 1/2 pizzas for the soccer team to split after the game. if each member is going to get 1/2 of a pizza, how many players are on the soccer team

Answers: 1

continue

Mathematics, 22.06.2019 01:00, kat1357

You have just applied, and have been approved for a $58,000 mortgage. the rate quoted to you by the lender is 6.1% for a 30 year fixed mortgage. determine how much of your third month’s payment goes towards the principal. $56.65 $56.93 $57.22 $57.51

Answers: 2

continue

Do you know the correct answer?

HELP Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit...