Provide an appropriate response.Suppose that $1000 is invested for 5 years at 4% interest, compounded annually. In what year will the most interest be earned? Why?

What will be an ideal response?


The most interest will be earned in the fifth year, because the amount on which the interest is paid is greatest at the end of the fourth year.

Mathematics

You might also like to view...

Use set notation, and list all the elements of the set.{19, 20, 21, . . . , 25}

A. {19, 20, 21, 22, 23, 24, 25, 26} B. {19, 20, 21, 22, 23, 24, 25} C. {19, 21, 23, 25} D. {19, 20, 22, 24, 25}

Mathematics

Find the vertex, the focus, and the directrix of the parabola.(x + 3)2 = 4(y - 2)

A. V: (-3, 2); F: (-3, 3); D: y = 1 B. V: (2, -3); F: (2, -2); D: y = -4 C. V: (-3, 2); F: (-3, 1); D: x = 3 D. V: (3, -2); F: (3, -1); D: y = -3

Mathematics

Write the partial fraction decomposition of the rational expression.

A.  + 
B.  +  + 
C.  + 
D.  +  + 

Mathematics

Are the given lines parallel, perpendicular, or neither? 3x- y+ 4= 0 , 3x+ y+ 8= 0

(a) parallel (b) perpendicular (c) neither

Mathematics