Solve the problem.Kerry invests $739 in a savings account that earns 3.7% compounded annually. Andy invests $739 in a savings account that earns 6% compounded annually. How much is in each of their accounts after 10 years and after 20 years?
A. Kerry: $1024.83; $1473.81
Andy: $1248.52; $2235.92
B. Kerry: $1142.85; $1142.85
Andy: $1487.01; $1487.01
C. Kerry: $988.27; $1321.61
Andy: $1177.85; $1877.32
D. Kerry: $1062.75; $1528.34
Andy: $1323.44; $2370.07
Answer: D
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Answer the question.You have a choice between going to an in-state college where you would pay $6000 per year for tuition and an out-of-state college where the tuition is $9000 per year. The cost of living is higher at the in-state college, where you can expect to pay $950 per month in rent, compared to $500 per month at the other college. You will pay $1900 per year to travel back and forth from the out-of-state college. Assuming all other factors are equal, which is the less expensive choice on an annual basis? Find the cost of each college for one year.
A. In-state $17,700, out-of-state $16,900 B. In-state $17,700, out-of-state $15,000 C. In-state $17,400, out-of-state $16,900 D. In-state $17,400, out-of-state $15,000
Provide an appropriate response.A _______ represents a promise of future cash.
A. stock B. bond C. return D. None of the above
Answer the question.Suppose you are 25 years old and would like to retire at age 65. Furthermore, you would like to have a retirement fund from which you can draw an income of $359,052 per year-forever! How can you do it? Assume a constant APR of 5% compounded monthly.
A. Deposit $3605.86 per month. B. Deposit $4174.75 per month. C. Deposit $5654.29 per month. D. Deposit $4705.73 per month.
Use the Half-angle Formulas to find the exact value of the trigonometric function. cos 165°
A. - 
B. 
C. 
D. - 
