Mathematics, 09.12.2021 23:00, aurorasweetpea610

Linda deposits $90,000 into an account that pays 6% interest per year, compounded annually. Bob deposits $90,000 into an account that also pays 6% per year. But it is simple interest.
Find the interest Linda and Bob earn during each of the first three years.
Then decide who earns more interest for each year.
Assume there are no withdrawals and no additional deposits.

Linda deposits $90,000 into an account that pays 6% interest per year, compounded annually.

Bob d

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:30, rfultz27

Find the 6th term of the expansion of (2p - 3q)11. a. -7,185,024p4q7 c. -7,185p4q7 b. -7,185,024p6q5 d. -7,185p6q5 select the best answer from the choices provided a b c d

Answers: 1

continue

Mathematics, 22.06.2019 01:00, haza1873

33 ! use the following data to determine the type of function (linear, quadratic, exponential) that best fits the data set. (1, 2) (5, 7) (9, 8) (3, 4) (4, 5) (2, 3)

Answers: 1

continue

Mathematics, 22.06.2019 01:30, yasarhan2

What is the t intercept of the line given by the equation below y= -10x + 14

Answers: 3

continue

Mathematics, 22.06.2019 02:00, brianna5626

Which polynomial correctly combines the like terms and expresses the given polynomial in standard form? 8mn5 – 2m6 + 5m2n4 – m3n3 + n6 – 4m6 + 9m2n4 – mn5 – 4m3n3 n6 + 7mn5 + 14m2n4 – 5m3n3 – 6m6 –2m6 – 5m3n3 + 14m2n4 + 7mn5 + n6 14m2n4 + 7mn5 – 6m6 – 5m3n3 + n6 n6 – 6m6 + 7mn5 + 14m2n4 – 5m3n3 show work

Answers: 1

continue

Do you know the correct answer?

Linda deposits $90,000 into an account that pays 6% interest per year, compounded annually. Bob de...