Use the compound interest formulas A = P
nt and A = Pert to solve.Suppose that you have $10,000 to invest. Which investment yields the greater return over 9 years: 5.4% compounded monthly or 5.5% compounded quarterly?
A. $10,000 invested at 5.4% compounded monthly over 9 years yields the greater return.
B. Both investment plans yield the same return.
C. $10,000 invested at 5.5% compounded quarterly over 9 years yields the greater return.
Answer: C
You might also like to view...
Find the total amount in the compound interest account.$1420 is compounded daily at a rate of 9% for 3 years.
A. $1860.09 B. $1849.21 C. $1854.59 D. $1838.94
Completely factor the polynomial or state that the polynomial is prime.25x2 - 1
A. (5x - 1)(5x + 1) B. (5x - 1)2 C. prime D. (5x + 1)2
Solve the problem.After one round in a card game, your score was 1 points. After the second round, your score was -16 points. How many points did you lose in the second game?
A. 16 points B. -17 points C. -15 points D. 15 points
Solve the problem.Find the area of the shaded region. Express the answer in terms of ?.
A. 324 - 81? square units
B. 81 - 
? square units
C. 
? + 81 square units
D. 81 - 
? square units