Solve the problem.Which has the lower present value: (a) $60,000 if interest is paid at a rate of 6.32% compounded continuously for 4 years or (b) $110,000 if interest is paid at a rate of 4.8% compounded continuously for 52 months?
A. (b) has the lower present value.
B. (a) has the lower present value.
C. Both (a) and (b) have the same present value.
Answer: B
Mathematics
You might also like to view...
Solve the inequality.x2 + x - 7 ? 0
A. 
? x ? 
B. x ? 
or x ? 
C. All real numbers
D. No solutions
Mathematics
Graph the numbers on a number line.0, -2, 2.25, -4.75,
A. 
B. 
C. 
D. 
Mathematics
Provide an appropriate response. On a wager, A gambler bets $7 and wins 3 times the amount of the initial bet. Express as a signed number the amount of money he won.
A. -$21 B. -$4 C. +$21 D. +$4
Mathematics
Prove: AB = DE
Mathematics